Which of the Following Statements Is INCORRECT Regarding the Properties

question 195

Multiple Choice

Which of the following statements is INCORRECT regarding the properties of information products?

• A) Providing an information product entails incurring relatively high fixed costs.
• B) The average total cost curve for a firm that sells an information product slopes upward.
• C) The firm experiences economies of operation in the short run.
• D) In the long run, the producer earns sufficient revenue to cover the opportunity cost of capital.

---

Definitions:

Social Dominance Orientation

A personality trait that predicts social and political attitudes, reflecting a preference for inequality among social groups.

Prejudicial Thinking

Forming judgments or opinions about others before knowing the facts, often based on stereotypes or biases.

Greatest Influence

Describes the most significant or powerful effect one entity can have on another.

Perceived Threats

Situations or entities that individuals believe could cause them harm or danger based on their personal assessments.