Explain why the cost structure associated with many kinds of information goods and services

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Explain why the cost structure associated with many kinds of information goods and services
  • Explain why the cost structure associated with many kinds of information goods and services

  • Exam (elaborations) • 5 pages • 2019
  • In 500 words with references answer: Samuelson and Marks, Discussion Question, P. 207. Explain why the cost structure associated with many kinds of information goods and services might imply a market supplied by a small number of large firms. (At the same time, one internet business such as grocery home deliveries have continually suffered steep losses regardless of scale. Explain why.) Could lower transaction costs in e-commerce ever make it easier for small suppliers to compete? As noted in C...
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