Keyword: average costs
The High-Tech Treadmill (6/22/2001)
The profit of New Economy business firms that have very high R&D fixed costs and very low marginal costs is brutally squeezed in economic downturn.
Keywords: average costs, business cycles, competitors, demand, fixed costs, hi-tech companies, investment, loss, marginal cost, new economy, obsolescence, profit, R&D, sales, software, upgrading, venture capital