____________________ Software Is Provided for Use, Modification, and Redistribution and Usually

question 187

Short Answer

____________________ software is provided for use, modification, and redistribution and usually can be downloaded from the web at no cost.

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Definitions:

Perfect Mobility

An economic condition where factors of production such as labor and capital can be easily moved across industries or geographies without costs or barriers.

Perfect Knowledge

A hypothetical situation in which all parties in the market have complete and absolute information about the market conditions and variables.

Variable Costs

Costs that change in proportion to the level of production or business activity.

Total Revenue

The total income generated by the sale of goods or services related to the company's primary operations.