Examlex
Which of the following is true about games and simulations?
Market Demand
The combined volume of a good or service that consumers in a marketplace are ready and capable of buying at assorted prices.
Marginal Cost
The funding necessary to manufacture an extra unit of a good or service.
Average Variable Cost
The total variable costs (costs that change with production volume) divided by the quantity of output produced.
Market Price
The going rate at which a product or service is available for buying or selling in a particular market.
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