What Happens in Kickstarter If the Funds Are Not Raised

question 88

Multiple Choice

What happens in Kickstarter if the funds are not raised in the given amount of time?

• A)The project is automatically extended for another 30 days.
• B)The project owner can keep the money raised up to the end of the period.
• C)The project owner can transfer funds earned to a project of his or her choice.
• D)The money is not earned and no money will be received.

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Definitions:

Excess Capacity

A situation where a firm is producing less than the maximum possible output due to insufficient demand or other factors.

Monopolistic Competition

A market structure characterized by many firms offering products that are similar but not identical, leading to competition on factors other than price.

Industry Entry

The process of a new company or business beginning operations in a particular market or industry.

Economic Profit

The difference between total revenue and total costs, including both explicit and implicit costs, representing the true profitability of an enterprise.