Solved

Music Pricing Downloads of Digital Entertainment Goods,e.g. ,Movies,songs,books,have Marginal Costs That Are

Question 81

Essay

Music Pricing
Downloads of digital entertainment goods,e.g. ,movies,songs,books,have marginal costs that are essentially zero.If so,what elasticity are the sellers adjusting prices to achieve?

Correct Answer:

verifed

Verified

(P-MC)/P = 1/|e|,but...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents