In 2017, Apple reported that since its iTunes App Store had opened in 2008, third-party app developers

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In 2017, Apple reported that since its iTunes App Store had opened in 2008, third-party app developers had earned more than $60 billion and currently employed 1.4 million people. Yet, as we’ve seen, because of intense competition, many game developers can only break even on the games they develop. Given this outcome, would we expect individuals and companies to continue developing games in the long run? Briefly explain.

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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