The Punctuated Equilibrium View Can Also Be Described as a Freezing

question 1

True/False

The punctuated equilibrium view can also be described as a freezing but not unfreezing process in an industry's life cycle.

---

Definitions:

Marginal Cost

The price of creating one more unit of a particular product or service.

Marginal Revenue

The additional income generated from selling one more unit of a product or service, crucial for decision-making in production and pricing strategies.

ΔTR/Δq

Represents the change in total revenue divided by the change in quantity sold, indicating marginal revenue.

TR/q

Represents Total Revenue divided by quantity, a formula used to calculate average revenue per unit sold.