In 2000, Blockbuster was at the top of the video rental market with solid profits, thousands of
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In 2000, Blockbuster was at the top of the video rental market with solid profits, thousands of retail locations, and millions of customers eager to rent their movies and videogames. Unable to compete with Internet-based services, the last Blockbuster retail store closed in 2014.
Explain why the switch to Internet-based services brought economic loss to Blockbuster and led to its exit.
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As people switched to Internetbased services the demand for video ren...View the full answer
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