Which one of the following is a characteristic of an information product? A. The

Question

Which one of the following is a characteristic of an information product? A. The product has characteristics that enable an individual to evaluate its quality in advance of a purchase. B. Information products have relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production. C. The product has qualities that consumers lack the expertise to assess without assistance. D. The product is such that an individual must consume it before the product's quality can be established. Which one of the following is a characteristic of an information product? A. The product has characteristics that enable an individual to evaluate its quality in advance of a purchase. B. Information products have relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production. C. The product has qualities that consumers lack the expertise to assess without assistance. D. The product is such that an individual must consume it before the product's quality can be established. Which one of the following is a characteristic of an information product? A. The product has characteristics that enable an individual to evaluate its quality in advance of a purchase. B. Information products have relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production. C. The product has qualities that consumers lack the expertise to assess without assistance. D. The product is such that an individual must consume it before the product's quality can be established.

Explanation / Answer

Answer.) B.) Information products have relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production.

The production of information products is characterized by Relatively low marginal cost. A good that entails relatively high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production is an information product.

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