Any industry that utilizes digital technologies is on a path toward increasingly lower costs,ultimately toward a price of free-or at least "free" for consumers.

Question

Quizplus · Accepted Answer

This statement is true because digital technologies have a low marginal cost of production, meaning that the costs of producing and distributing additional digital products or services is very low. This leads to increased competition and eventually drives prices down, sometimes even to the point of being free for consumers. Examples include free online services like email and social media platforms.

Any Industry That Utilizes Digital Technologies Is on a Path