Question: 1. Explain the challenges in measuring consumer surplus of a free product like major online applications, such as Facebook and Google Search. (250 words)
2. Explain how to quantify the gains that the internet has brought to consumers. You may be able to tie in opportunity costs, and the amount of time saved (or wasted) using the internet. (250 words)
3. Respond to the following discussion posted by a classmate attached in file below.
Information related to above question is enclosed below:
Attachment:- Response.rar