Digital products without physical substitutes29 نوفمبر 2021 2021-11-25 20:49
Digital products without physical substitutes
Do you agree with the following statement and why?
If digital products are without physical substitutes, they must be paid.
Disagree , their marginal cost close to zero so their prices are zero although they bring great benefits to users and consumer surplus is maximized
Certainly no because there are many things that not have any physical alternatives however it doesn’t cost any money
I disagree becaust the cost for production of one more unit which is the marginal cost equal zero,also because it creates surplus for the consumer that exceeds its cost
disagree because it creates a surplus for the consumer that exceeds its cost, and therefore the consumer benefit remains the largest, in addition to its marginal cost approaching zero.
disagree because the cost of producing an additional unit is equal to zero so the producer have no production cost after producing the first unit