Discussion Post Assignments | Online Homework Help

General Instructions:

1. Answer all six short essay questions (in less than 300 words each; be sure to define and related key economic principles) and post your answers in designated Turnitin assignment box by due date. Also, it is important to give at least one real world related example to each of these Questions.
2. Be very brief and give proper citations and reference list at the end of your answers to each question. Those citations and references should be provided per APA guidelines of writing efficiency. Please answer in your own words and use any resources available to you; be sure to focus on economic literature and cite appropriately. It is best to not to use long direct quotes, but rather to state with proper citations and references to authenticate your answers.
3. Do not copy from external sources or share with anyone else for answering your questions. Copying and pasting (or paraphrasing someone else’s intellectual property without your own writings and proper citations, instead of your own writings, would be a violation of the university policy of academic honesty and integrity. Any violations of this policy may subject to compliance with the policy that may include a failing grade in the course.
4. Submit either in pdf or in word doc only. Do not post your answers as the texts in the drop box in text format.
5. Do not write down the questions please in your answers. But make sure you write down the Q#s as they are in the exam. Also, please do not include these instructions in your answers.
6. Please give the file name of your exam answers as: Lastname_Exam1 to upload in the BB assignment box.

Good Luck!

Economics of Ecommerce—Exam #1

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1. Consider the nature of the trade-off between richness and reach of information. How is the trade-off defined? Give a real-world example to qualify for the maximum possible credit.
2. Consider how “Every business is an information business.” Why is this statement and an economic statement? How is this statement relevant to the concept of Information Asymmetry and Moral Hazard. Give a real-world example in this context.
3. Provide some reasons for the importance of establishing the copyrights for e- commerce business. Why is it efficient to limit the duration of patents and copyrights, whereas real property rights endure almost forever? Give an example.
4. Research and present one contribution to body of Information Economics knowledge from one of the Nobel Prize winners in Economics (Stigler, Mirrlees, Vickery, Akerloff, Spence, Stiglitz, Hurwicz, Maskin or Myerson).

As an example, how is this topic relevant to the warranty coverage for top brand used car sales market such as BMW, Lexus, Audi, Mercedes-Benz, Infinity, etc?

5. As an owner and manager of your e-commerce website, describe the key factors that would serve the best web platform to keep an efficient balance between demand and supply functionality of your website.
6. Identify the e-commerce giants in China who have formed an oligopoly market structure in recent years to compete in the global e-commerce. What are key success factors for their rapid expansion just within a decade plus?