All of the Following Are Characteristics of Mobile Devices EXCEPT

question 80

Multiple Choice

All of the following are characteristics of mobile devices EXCEPT:

• A) Small size
• B) Has identical functionality as a PC
• C) Can have Apple IOS
• D) Can be an Android device

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Definitions:

X-inefficiency

X-inefficiency occurs when a firm produces outputs at higher costs than is necessary, often due to a lack of competitive pressure or motivation.

Economies of Scale

Reductions in the average cost of production as the volume of production increases.

Patents

Legal documents granting an inventor exclusive rights to manufacture, use, or sell their invention for a certain period of time.

Marginal Revenue

The additional income gained from selling one more unit of a good or service.