/*! This file is auto-generated */ .wp-block-button__link{color:#fff;background-color:#32373c;border-radius:9999px;box-shadow:none;text-decoration:none;padding:calc(.667em + 2px) calc(1.333em + 2px);font-size:1.125em}.wp-block-file__button{background:#32373c;color:#fff;text-decoration:none} Q. 13 - Problems Consider the following list, and... [FREE SOLUTION] | 91影视

91影视

Log out

Learning Materials

Features

Discover

Chapter 26: Q. 13 - Problems (page 598)

Consider the following list, and classify each item according to the appropriate type of two-sided market-audience-making, matchmaking, shared input, or transaction-based-and write a one sentence answer justifying your classification. (Hint: You may wish to check out the firms' Web sites to assist in answering this question.)

a. Mastercard.com

b. FreeBSD.com

c. Plentyoffish.com

d. WSJ.com

Short Answer

Expert verified

a.Mastercard.com acts as a platform for connecting people.

b. FreeBSD.com is a website dedicated to the FreeBSD open source operating system.

c. Plentofish.com acts as a platform.

d. WSJ.com provides business news reporting, which draws advertisers.

Step by step solution

01

Given information 

That are given sentences are :(a)

Mastercard.com acts like a platform credit cards

02

Explanation (a)

a.

Mastercard.com functions as a platform, connecting people who pay with debit or credit cards to banks, which then clear payments in a transaction-based market.

03

Given information 

That are given sentences are : (b)

FreeBSD.com is an open source op market.

04

Explanation (b)

b.

FreeBSD.com is an open source operating system that operates in a shared input market.

05

Given information 

That are given sentences are (c).

Plentoffish.com acts like a platform

06

Explanation (c).

C.

Plentofflish.com functions as a platform that connects those looking for romantic matches in a matchmaking market.

07

Given information 

That are given sentences are : (d)

WSJ.com provides business

08

Explanation (d)

d.

WSJ.com provides business news reporting, attracting advertisers within a market-making audience.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with 91影视!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

How might the fact that men continue to earn sight higher incomes than women help for explain the observation that matches are more may for cheat on their mates than females? (Hint. People with higher incomes have more funds available to pay for more "dates +with others besides their mates.)

Take a look back at the data regarding the inkjet printer industry in Problem 26-2, and answer the following questions.

a. Suppose that consumer demands for inkjet printers, the prices of which are readily observable in office supply outlets and at Internet sites, are growing at a stable pace. Discuss whether circumstances are favorable to an effort by firms in this industry to form a cartel.

b. If the firms successfully establish a cartel, why will there naturally be pressures for the cartel to break down, either from within or from outside?

Characterize each of the following as a positive-sum game, a zero-sum game, or a negative-sum game.

a. Office workers contributeS10each to a pool of funds, and whoever best predicts the winners in a professional sports playoff wins the entire sum.

b. After three years of fighting with large losses of human lives and materiel, neither nation involved in a war is any closer to its objective than it was before the war began.

c. Two collectors who previously owned incomplete and nearly worthless sets of trading cards exchange several cards, and as a result both end up with completed sets with significant market value.

Explain alternative methods of measuring industry concentration

Take a look at Figure 26-3. What is the total dollar amount of the typical perfectly competitive firm's economic incentive to join the proposed cartel, assuming that after the fact no firms cheat on the specified cartel agreement? Explain your reasoning.
See all solutions

Recommended explanations on Economics Textbooks

Taxation Economics

Read Explanation
View all explanations

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.