Based on the estimates of Ghose and Han (2014), the demand function for mobile applications at Apple's

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Based on the estimates of Ghose and Han (2014), the demand function for mobile applications at Apple's App Store is \(Q_{A}=1.4 p^{-2}\) and the demand function at Google Play is \(1.4 p^{-3.7}\), where the quantity is in millions of apps. What is the total demand function for apps? If the price for an app is \(\$ 1\), what is the equilibrium quantity demanded by Apple customers, Google customers, and all customers? 

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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