Bill Created a New Software Program He Is Willing to Sell

question 70

Multiple Choice

Bill created a new software program he is willing to sell for $300.He sells his first copy and enjoys a producer surplus of $250.What is the price paid for the software?

• A)$50.
• B)$250.
• C)$300.
• D)$550.

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Definitions:

Sample Size

Sample Size is the number of observations or data points collected to form a sample from a population for statistical analysis.

Market Segmentation

The process of dividing a target market into smaller, more defined categories of consumers who share similar characteristics and buying preferences.

Education

The process of facilitating learning, or the acquisition of knowledge, skills, values, beliefs, and habits.

Mass Marketing

A marketing strategy that aims to appeal to a large, general audience through the use of widespread media and communication channels.