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

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1.9. In November 2010 Netflix announced a new lower price for streaming video direct to home televisions. At the time, Netflix had no serious competitors-N etflix'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 Microeconomics

ISBN: 9781429239998

2nd Edition

Authors: Tyler Cowen, Alex Tabarrok

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