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Chapter 26: Q. d - For Critical Thinking (page 592)

Why do we suppose that people with college degrees when earn high hourly incomes have been among the customers of online-dating firms that provide fewer high-quality matches?

Short Answer

Expert verified
  • As a result, technological adoption is one of the most crucial aspects in the growth of the online dating services industry.
  • At least one-third of singles, according to sources, have used online dating apps or services at some time in their life.

Step by step solution

01

Step 1:introduction

  • On the internet relationships An app or web platform that enables users to produce their own content.
  • A person can create an internet profile and interact with other individuals in order to set up a date and potentially form a relationship with this person.
02

The market for online dating services 

As a result, the online dating services business is growing more competitive.

03

Examples of online dating companies

  • As a result, the readiness to accept technological advancements is one of the most significant factors in the expansion of the online dating services business.
  • At least one-third of singles, according to sources, have used online dating apps or services at some time in their life.

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Most popular questions from this chapter

In what type of two-sided market does Animoca compete?

Suppose that a firm located in Cleveland, Ohio, has entered the same industry as the Dallas company discussed in Problem 26-14. The new firm captures a 5 percent market share, and the market share of one of the smallest three original incumbents declines to 5 percent as well. After the Cleveland firm's entry into the industry, what are the values of the four-firm concentration ratio and of the Herfindahl-Hirschman index?

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. Realtor.com

b. NYTimes.com

c. Linux.com

d. Paypal.com

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

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?

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