Every so often, rumors float around Facebook claiming that the social networking site is going to begin

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Every so often, rumors float around Facebook claiming that the social networking site is going to begin charging its users a small monthly fee. So far, those rumors have always turned out to be false.
a. Do you use Facebook? If so, how much would you be willing to pay per month for access to Facebook? (If you don’t use Facebook—as unlikely as that is nowadays—how much do you imagine the typical user would be willing to pay to use it?)
b. Besides the price itself, what else would determine whether it was worth it to you to pay for Facebook? Is your response independent of others’ responses?
c. Do you think Facebook ever will charge users a fee? What are some reasons Facebook might do this? What are some arguments against this idea?
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Related Book For  book-img-for-question

Modern Principles of Economics

ISBN: 978-1429278393

3rd edition

Authors: Tyler Cowen, Alex Tabarrok

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