Question a how is the cost structure in a software firm and, Ask an Expert

Accounting

Question: a. How is the cost structure in a software firm (and many other IT firms) different from traditional firms (fixed, average, and marginal cost)? How does that impact their price and quantity decisions?

b. How do these different cost structures arise? Explain what a natural monopoly is and describe how these cost structures might lead to natural monopolies even in the absence of patents.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92681306

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