After you have studied Economics in the News on pp. 244245, answer the following questions. a. What

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After you have studied Economics in the News on pp. 244–245, answer the following questions.

a. What products do Facebook and Google sell?

b. In what markets do Facebook and Google compete?

c. How do social networks and Internet search providers generate revenue?

d. What is special about social networking sites that make them attractive to advertisers?

e. What is special about Internet search providers that make them attractive to advertisers?

f. What technological changes might increase the profitability of social networks compared to Internet search providers?

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Microeconomics

ISBN: 9780134744476

13th Edition

Authors: Michael Parkin

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