Examlex
Which of the following is a relevant criterion for the product screening process?
Substitutes
Goods or services that can replace each other in use or consumption, such that an increase in the price of one leads to an increase in demand for the other.
Marginal Revenue
Marginal revenue is the additional revenue that a firm gains from selling one more unit of a good or service.
Demand Curve
A graph showing the relationship between the price of a good and the quantity demanded by consumers at those prices.
Price
The cost in money to purchase a particular good or service.
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