What Is an Advantage of 3D Printing in Crowdsourcing

question 29

Multiple Choice

What is an advantage of 3D printing in crowdsourcing?

• A)It demonstrates the use of the latest in technology.
• B)Companies can become factories.
• C)Companies can turn designs into prototypes.
• D)Small batches of product can be produced through 3D printing.

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Definitions:

Total Revenue

The overall amount of money generated by a firm from its sales activities, calculated as the unit price times the quantity of goods sold.

Natural Monopolies

Industries where a single firm can supply a product or service to an entire market at a lower cost than any potential competitor, often due to economies of scale.

Extensive Economies of Scale

Refers to reductions in per-unit cost as the size of a firm or its level of production increases.

Marginal Revenue

The additional income from selling one more unit of a good; it is the change in total revenue that comes from selling an additional unit.