Question
Consider internet based Big Tech companies (e.g. Google/YouTube, Facebook/Instagram/WhatsApp, Twitter, TikTok, Pinterest, etc). Recall that consumer surplus is the difference between what consumers would be
Consider internet based "Big Tech" companies (e.g. Google/YouTube, Facebook/Instagram/WhatsApp, Twitter, TikTok, Pinterest, etc).
Recall that consumer surplus is the difference between what consumers would be willing to pay, and what they actually pay. A negative externality is a cost of providing a good/service that is NOT borne by the seller/producer. A positive externality is a benefit of consumption NOT received/enjoyed by the purchaser.
- Is there consumer surplus generated by these firms? Explain.
- What are positive externalities of these "Big Tech" internet based firms? Explain.
- What are negative externalities of these firms? Explain.
- On balance, are these companies at least "neutral" in their impact on individuals and society? Would neutral be enough, or are negatives so large "something must be done"?
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Local Consumption And Global Environmental Impacts Accounting, Trade-offs And Sustainability
Authors: Kuishuang Feng, Klaus Hubacek, Yang Yu
1st Edition
1317577272, 9781317577270
