How has narrowcasting allowed netflix to have and sustain
Problem
Netflix was instrumental in pioneering algorithms to suggest shows to users. How has "narrowcasting" allowed Netflix to have and sustain a competitive advantage in the highly competitive streaming space?
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Discuss the possible effects of such business practices on other businesses, consumers and social welfare.
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How has narrowcasting allowed Netflix to have and sustain a competitive advantage in the highly competitive streaming space?
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Define and illustrate the production possibilities curve for this economy. Define the notion of competitive equilibrium and illustrate it on this diagram.
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Calculate the economic cost and economic profit for Katso's Pet Salon. Would an accountant come to the same conclusion about the profitability of this firm?
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