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Related to the Economics in Practice on page 296: Which of the following best describes the effect ...

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Related to the Economics in Practice on page 296: Which of the following best describes the effect of the Internet on the recording industry?
A) It has made live concerts less profitable by making recorded music available to more people.
B) It has shifted power away from record labels by making the distribution of recorded music much easier.
C) It has caused the supply of branded stars such as Madonna to become much more inelastic.
D) It has expanded the ability of stars to sign long-term, lucrative contracts.

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apadong Author

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6 years ago

Update: Correct!

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