Question: 7. In the 1990s thousands of dot-com companies emerged with great fanfare to take advantage of the Internet and new information technologies. A few, like

7. In the 1990s thousands of “dot-com” companies emerged with great fanfare to take advantage of the Internet and new information technologies. A few, like Yahoo, eBay, and Amazon, have generally thrived and prospered, but many others struggled and eventually failed. Explain these varied outcomes in terms of how the market system answers the question

“What goods and services will be produced?” LO3

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