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Economics
Economics Today
Chapter 26
Q. d - For Critical Thinking

Chapter 26: Q. d - For Critical Thinking (page 592)

Why do we suppose that people with college degrees when earn high hourly incomes have been among the customers of online-dating firms that provide fewer high-quality matches?

Short Answer

Expert verified

As a result, technological adoption is one of the most crucial aspects in the growth of the online dating services industry.
At least one-third of singles, according to sources, have used online dating apps or services at some time in their life.

Step by step solution

01

Step 1:introduction

On the internet relationships An app or web platform that enables users to produce their own content.
A person can create an internet profile and interact with other individuals in order to set up a date and potentially form a relationship with this person.

02

The market for online dating services

As a result, the online dating services business is growing more competitive.

03

Examples of online dating companies

As a result, the readiness to accept technological advancements is one of the most significant factors in the expansion of the online dating services business.
At least one-third of singles, according to sources, have used online dating apps or services at some time in their life.

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Most popular questions from this chapter

Characterize each of the following as a positive-sum game, a zero-sum game, or a negative-sum game.

a. Office workers contribute $S 10$ each to a pool of funds, and whoever best predicts the winners in a professional sports playoff wins the entire sum.

b. After three years of fighting with large losses of human lives and materiel, neither nation involved in a war is any closer to its objective than it was before the war began.

c. Two collectors who previously owned incomplete and nearly worthless sets of trading cards exchange several cards, and as a result both end up with completed sets with significant market value.

Take a look back at the data regarding the inkjet printer industry in Problem 26-2, and answer the following questions.

a. Suppose that consumer demands for inkjet printers, the prices of which are readily observable in office supply outlets and at Internet sites, are growing at a stable pace. Discuss whether circumstances are favorable to an effort by firms in this industry to form a cartel.

b. If the firms successfully establish a cartel, why will there naturally be pressures for the cartel to break down, either from within or from outside?

Explain why network effects can cause the demand for a product either to expand or to contract relative to what it would be if there were no network effects.

Consider the following list, and classify each item according to the appropriate type of two-sided market-audience-making, matchmaking, shared input, or transaction-based-and write a one sentence answer justifying your classification. (Hint: You may wish to check out the firms' Web sites to assist in answering this question.)

a. Mastercard.com

b. FreeBSD.com

c. Plentyoffish.com

d. WSJ.com

In what type of two-sided market does Animoca compete?

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