Existing Computer Software

question 6

Multiple Choice

Existing computer software

• A)is a public good
• B)is excludable but nonrivalrous
• C)is rivalrous by not excludable
• D)should be provided free of charge
• E)has been produced efficiently

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Definitions:

Sole Ownership

Legal status where a single individual or entity retains exclusive ownership and control over property or a business.

Average Revenue

The amount of income generated per unit of sale or average price at which a product is sold.

Demand Curve

An illustrated chart depicting the correlation between a good or service's price and the amount consumers want to buy during a certain period.

Marginal Revenue

The additional income that a firm receives from selling one more unit of a good or service.