Which of the Following Statements Is INCORRECT Regarding the Properties

question 195

Multiple Choice

Which of the following statements is INCORRECT regarding the properties of information products?

• A) Providing an information product entails incurring relatively high fixed costs.
• B) The average total cost curve for a firm that sells an information product slopes upward.
• C) The firm experiences economies of operation in the short run.
• D) In the long run, the producer earns sufficient revenue to cover the opportunity cost of capital.

---

Definitions:

Voluntary Behavior

Actions taken by an individual out of free will or choice, rather than being coerced or obligated.

Motivation

The internal and external influences that motivate individuals to perform actions aimed at reaching an objective.

Personality

The combination of characteristics or qualities that form an individual's distinctive character.

Collectivism

A cultural value that prioritizes group goals over individual ones, emphasizing community, solidarity, and interdependence.