Suppose you are the manager of a company that produces software for personal use. What types of economic ideas would you consider when thinking about your pricing strategy? How will you determine the price that you will sell the software for upon release? What pricing strategies might you use in the future? Why would you use these strategies for pricing?
Question 2:
Choose three of the resolutions we debated in class. Explain how your supported opinion on one or more can inform your opinions on the others. You could, for example, look at a commonality such as efficacy of government regulation, the future of work, the impact of free rider problems, or others.
Debate topics discussed:
1. Society works best when everyone acts in their self-interest.
2. The Internet will destroy journalism
3. The United States would benefit economically from an open immigration policy
4. By 2025 over 1% of cars sold in the United States will not require a driver.
Question 3:
Compare and contrast supply oriented economies of scale with network externalities. What are their implications for industry structure? Why have these elements of economics grown in importance in recent decades?
*Around 400 words for each question
*Use economic terms
*No source needed
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