Question: This week you are to complete a FINAL response to the following questions. The class will be divided into groups so you and your peers
This week you are to complete a FINAL response to the following questions. The class will be divided into groups so you and your peers may collaborate on Part B of this assignment. This final response will be evaluated on content as well as completeness and clarity.
In week 1, we analyzed the sharing economy. This week, youre going to build on the knowledge you gained. Your assignment is to deconstruct the economics underlying AirBnB. Specifically, I want you to answer the following questions:
- What resources are being shared?
- What is the opportunity cost of the resources consumed to facilitate this sharing?
- How does this create value for customers?
- Does the value created for customers outweigh the opportunity cost of the resources consumed?
- Does AirBnB capture a sufficient amount of any value generated to remain a viable business?
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