At One Point,good PC Software for Producing Digital Videos Was

question 268

Multiple Choice

At one point,good PC software for producing digital videos was not available,but it was much in demand by businesses.The first companies to produce a specific type of program had good sales even though they did little promotion and their programs were not "user-friendly." It seemed that many of these "innovators" operated as if they were in the ________ era.

• A)simple trade
• B)marketing department
• C)sales
• D)marketing company
• E)production

---

Definitions:

Profit Equals Zero

The condition where profit equals zero, also known as the break-even point, is where a business's revenues exactly match its total costs, resulting in neither profit nor loss.

Cournot Duopoly

Cournot Duopoly is a market structure where two firms control the market and compete on output levels, assuming the other's output is fixed while deciding their own.

Price

The sum of money needed to buy a product or service.

Long Run

A period in which all factors of production and costs are variable, allowing for all inputs to be adjusted.