A Computer Software Firm Has Developed a New and Better

question 71

Multiple Choice

A computer software firm has developed a new and better spreadsheet program.The program is protected by copyrights, so the firm can act as a monopolist for this product.The demand function for the spreadsheet is q = 50,000 - 100p.Any single consumer will want only one copy.The marginal cost of producing and distributing another copy and its documentation is just $10 per copy.If the company sells this software at the profit-maximizing monopoly price, the number of consumers who would not buy the software at the monopoly price but would be willing to pay at least the marginal cost is

• A)50,000.
• B)12,000.
• C)14,000.
• D)25,000.
• E)None of the above.

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Definitions:

Cross-cultural

Pertaining to or comparing the cultural dynamics, practices, or interactions between individuals from different cultural backgrounds.

Work Decisions

Choices or judgments made related to aspects of one's professional life, including job selection, career paths, and task prioritization.

High Power Distance

A cultural dimension where there is acceptance of unequal distribution of power among members of a society or organization.

Cross-cultural

Relating to or involving the comparison of two or more different cultures or cultural areas.