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Apple Computer Inc decides to make iTunes freely available in unlimited quantities
Apple Computer Inc decides to make iTunes freely available in unlimited quantities. to make iTunes freely available in unlimited quantities. This decision means that
A. tunes are no longer scarce and the incentive to listen to tunes changes.
B. tunes remain scarce but the incentive to listen to tunes changes.
C. tunes are no longer scarce and the incentive to listen to tunes remains the same.
D. tunes remain scarce and the incentive to listen to tunes remains the same.
Apple's decision is a decision.
A. microeconomics
B. macroeconomic
Expert Solution
Option A is correct.
When the iTunes are available for free in unlimited quantity, this implies that there are other players in the market which offer a similar online store for music download. They are using this strategy to gain customers from those other stores.There was a time when iTunes was among a few players to provide such a facility.
MICROECONOMICS.
This is the decision making of an individual firm, that is, Apple. This would not have any macroeconomic affect on, say for example, GDP of an economy, income, population or unemployment.
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