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

Question

Quizplus · Accepted Answer

An information product involves high fixed costs associated with the use of knowledge and other information-intensive inputs as key factors of production, such as creating and distributing software, movies, music, and books. Logo goods, search goods, and persuasive goods do not necessarily have such high fixed costs associated with knowledge and information-intensive inputs.

A Good That Entails Relatively High Fixed Costs Associated with the Use