Question
Read the followingarticle(link to timharford.com). https://timharford.com/2018/05/how-much-would-i-have-to-pay-you-to-quit-facebook/ How do you think Consumer Surplus from these companies (Apple, Alphabet, Facebook, etc.) has changed given the physical distancing/social
Read the followingarticle(link to timharford.com). https://timharford.com/2018/05/how-much-would-i-have-to-pay-you-to-quit-facebook/
How do you think Consumer Surplus from these companies (Apple, Alphabet, Facebook, etc.) has changed given the physical distancing/social isolation? Support your argument with a simple supply and demand diagram. Why might this be a concern for the government and what could the government do to alleviate the concern (make sure to use material discussed in this class in your response, note: in Europe, there exists a "right to be forgotten")?
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