In 50 words, answer the following question: In class, we talked about how social media is a common resource. Do you think the providers of social media forums should regulate the behavior of users? If not, why not? If so, how? (Hint: think economically. How could the providers (not) solve the problems with common resources by regulating?)
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- Refer to the images 'Facebook versus Google Plus'. And answer the question below Why did Google Plus fail as a social networking site?the use of social media as a tool for communication is on a rise in society today. As it relates to education, discuss two possible benefits of using social media as well as two challenges students are likely to face.For Kellogg Co., pringle chips describe how communication could be utilized to increase demand in a specific communication channel (like: grocery store). Write in a paragraph format and in 900 words. Thank you.
- At my old apartment in Tucson, I could only purchase internet from Cox. What is the most appropriate market structure for internet in Tucson? Why?How does United Airlines Company implement Social media strategy and zones?A firm is considering building a two-way network that links 12 users. The cost of building the network is $10,000. a. How many potential connection services does this network provide? b. If each user is willing to pay $150 to connect to the network, will the firm profit by building the network? c. If each user is willing to pay an average of $12 for each potential connection service provided by the network, will the firm profit by building the network? d. What happens to the number of potential connection services if one additional user joins the network?
- Q 1(a) Critically evaluate FIVE economic characteristics of information. Q 1(b) The term Web 2.0 which came to prominence in 2004, labels the second wave of innovation and evolution occurring on the internet. Analyse THREE characteristics that are unique to Web 2.0Briefly explain the importance of communication infrastructure for businesses?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, some Internet businesses 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 the previous chapters, network externalities are often an important aspect of demand for information goods and services. (The benefits to customers of using software, participating in electronic markets, or using instant messaging increase with the number of other users.) How might network externalities affect firm operating strategies (pricing, output, and advertising) and firm size?
- Why does Pinterest see Google as its biggest competitor? Why does Pinterest prioritize the smartphone platform while developing new features and products?What are the typical orientation of the markets and audiences for new online media producers?1. You are the coordinator of a nonprofit that distributes donated items to three local homeless shelters and want to figure out a way of distributing the donated items to the shelters who need it the most. Which of the following would most likely achieve your goal? Select the correct answer a. Send all the donations to the shelter that has the least. b. Divide the donations evenly among the three shelters. c. Ask shelters to submit their requests, and decide what to send where based on their answers. d. Offer each shelter a virtual "budget" and have them bid on different items. 1.1 Which of these best represent a planned approach and which best represent a market approach? Divide the answer into two groups (planned and Market approach) a. send all the donations to the sheller that has the least b. ask sellers to submit their request and decide what to send where based on their answers c. divide the donations evenly among the three shellers d. offer each sheller a…