In November 2010 Netflix announced a new lower price for streaming video direct to home televisions. At

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In November 2010 Netflix announced a new lower price for streaming video direct to home televisions. At the time, Netflix had no serious competitors—Netflix’s share of the digital download market was more than 60% (the second firm’s was only 8%). Just three months later, Amazon announced that it was entering the market for streaming video. How are these two announcements related?
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Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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