Netflix introduced DVD rentals via US Mail whereby customers do not have to leave their home to rent movies. They also introduced the concept of no-late fees. Netflix has enjoyed strong profits over the last few years. However, what does economic theory tell us should happen to these profits in the long run and why?

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The Answer of Netflix introduced DVD rentals via US Mail whereby customers do not have to leave their home to rent movies. They also introduced the concept of no-late fees. Netflix has enjoyed strong profits over the last few years. However, what does economic theory tell us should happen to these profits in the long run and why?

Netflix Introduced DVD Rentals Via US Mail Whereby Customers Do