Quadra Tech. was the first company to utilize a new device developed by Intech Corp. that enabled Quadra to find flaws in its cars using sound waves. Quadra Tech. tested the device and provided a testimonial to other organizations about the product. However, the other organizations were hesitant and decided to wait until the product was proven reliable. In this case, Quadra Tech. can be classified as:

After jeff bezos read about how the internet was growing by 2,000 percent a month, he set out to use the internet as a new distribution channel and founded amazon, which is now the world's largest online retailer. this is clearly an example of a(n)a. firm that uses closed innovation. b. entrepreneur who commercialized invention into an innovation. c. business that entered the industry during its maturity stage. d. exception to the long tail business model

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable

Suppose that in the year 2020 the price level in the fictional country of demet is 100, and the governement is considering