*Microeconomics 20 20 Module 5 Discussion In your discussion posting, answer the
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Question
*Microeconomics
20 20 Module 5 Discussion In your discussion posting, answer the following questions and be sure to support with data and other sources, correctly cited by APA, to bolster your argument or point of view. 1. List three businesses that can exist today because of the World Wide Web that could not have existed prior to this technological advancement. 2. How has the World Wide Web allowed the supporting, establishment and functioning of these businesses? 3. Do you think the WWW has made it easier or more difficult to start new businesses? Explain 4. Do you think that the WWW has made it casier or more difficult for companies to establish themselves as monopolies? Explain? 5. Share an example and identify and discuss the type of price discrimination.Explanation / Answer
Answer 1:
Three businesses that exist today because of World Wide Web are - Social companies like Facrbook, Twitter, Online retail companies like Flipkart and Amazon and online streaming like netflix, Amazon Video.
Answer 2:
Without World Wide Web, these companies could not exist or if they existed they will have to make modification in their operations which might be costly. World Wide Web also aloows these companies to have a world wide presence.
Answer 3:
World Wide Web has made it very easy to start a new business that too at a nominal cost and ease of procedures. This has promoted opening of new start ups in various industries and increase entrepreneurship.
Answer 4:
Since competition in various industries has increased because of World Wide Web and thus new firms have entered the market and thus it is now difficult to establish monopolies.
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