Question
Pick a company that has established a two-sided market (if you can find an example with more than two sides, that'd be really interesting!). You
Pick a company that has established a two-sided market (if you can find an example with more than two sides, that'd be really interesting!). You can't use Apple's App store or Amazon's marketplace since those have been described already.
1. Reply below with the company name and description of its industry. Do not pick an example someone else has used. 2. Go back and edit to answer the following information:
* What evidence do you have this is a two-sided market? Name the two sides. What benefits do they get for taking part? Describe each side of the market in terms of the product or service being rival/non-rival, and excludable/not excludable. What is your evidence for that? * Describe each of the two sides in terms of industry type: Perfect/monopolistic/oligopoly/monopoly. What is your reasoning for that decision? * How does the company running the market earn its profit? What pricing strategies does it use? * Is the company earning economic profit? If so, what stops other companies from competing that profit away? * How old is the company? What technology changed for it to come into existence when it did? * Has the company used its position in these two markets to gain influence in other markets? (eg Amazon can use the information it gains from selling other companies' merchandise on its site to determine which products it wants to create and sell for itself)
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