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A company has developed a new type of sophisticated software for file-swapping data-intensive videos over the Internet in a compressed format. After registering the purchased software, the user can immediately download it. This scenario best highlights which feature of high-tech markets?
a. unit-one costs b. creative destruction c. supply and demand d. tradeability problems e. knowledge spillovers
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The earnings, dividends, and common stock price of Carpetto Technologies Inc. are expected to grow at 8% per year in the future.
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What is the average waiting time in line? (Do not round intermediate calculations. Round your answer to 3 decimal places.)
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