Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Find an example of a firm that offers some good or service for free. Describe the nature of the firm and the product it offers

Find an example of a firm that offers some good or service for free.

  1. Describe the nature of the firm and the product it offers for free.
  2. Describe any other products the firm may offer, including any other free products as well as those for which the firm charges a positive price.
  3. Does the firm gain any competitive advantage by offering its product for free? Explain in one or two sentences.
  4. Does the firm create demand for any of its "pay" products by offering a product for free? Explain in one or two sentences.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics For Environmental Studies A Strategic Guide To Micro-And Macroeconomics

Authors: Alfred Endres, Volker Radke

2012th Edition

364231192X, 978-3642311925

More Books

Students also viewed these Economics questions

Question

Be straight in the back without blowing out the chest

Answered: 1 week ago

Question

Wear as little as possible

Answered: 1 week ago

Question

Be relaxed at the hips

Answered: 1 week ago