Forum Topic (Network Effects)
The goal of this forum is to refine our understanding of the concepts studied in this module by engaging in discussions and learning from different points of view. For “Discussion Forum 1”, answer the following question:
” Are one-sided and two-sided markets equally beneficial for consumers? Explain with examples based on network effects.”
References should not be counted in the final word count of the post, you can use any format (MLA / APA / etc.) for the references if included) minimum of 3 scholarly sources
This assignment will be graded as follows –
1) Breadth of the post: Meet word limit for the initial post (at least 250 words) (10 points)
2) Depth of the post: Apply at least two concepts covered in this module in the post. Must be clearly stated and highlighted (use either bold / underline / bullet points or headings) in the post (5 x 2 = 10 points)
3) Specificity of the post : Clearly identify specific example(s) for the discussion and it must be highlighted (use either bold / underline / bullet points or headings) in the post (5 points)
4) Interactiveness of the forum: Respond to at least 3 posts (4 X 3 = 12 points) **
Markets that have more than one buyer or seller are called two-sided markets. One-sided markets have only one party involved in the market and so it is easy for consumers and producers to meet each other. However, two-sided markets have two parties who are engaged in direct competition with each other. The buyer has more information than the seller and therefore can set prices more effectively than the seller does. In addition, if there are too many buyers or sellers in a particular industry then it will become difficult for them to find each other because there will be too much search frictions (such as travel costs) involved.”
A one-sided market is a market in which one party (the seller) does not have any competition. It’s important to note that a one-sided market is not efficient, because it places more emphasis on the interests of the seller than on those of consumers.
A two-sided market, on the other hand, is an example of an open market where both buyers and sellers are present at once. This type of system allows for fair distribution between consumers and producers alike because everyone has access to information about their relative costs or benefits from buying or selling goods/services respectively – thus allowing them both equal chances at making profits from doing business together!
A two-sided market has two players (buyer and seller) who are engaged in direct competition. The buyer has more information than the seller, so he can bargain more effectively. He also has bargaining power because he can switch to another supplier easily if his current one doesn’t offer what he needs at a good price.
Oops! Click Regenerate Content below to try generating this section again.
However, a two-sided market may be harmful if there are too many buyers or sellers. If there are too many buyers or sellers it may be difficult for them to find each other because there will be too much search frictions (such as travel costs) involved. This could lead to inefficient allocation of resources.
In addition, if the number of sellers and buyers is large enough that the market becomes dominated by one type of buyer or seller, then this can cause problems with information asymmetry between consumers and producers resulting in market failure.
In conclusion, it is important to remember that the benefits of one-sided markets are not always obvious. For example, if there are too many sellers in a market then they may be able to set their prices so high that it makes life difficult for buyers. In such a situation we would want two-sided markets where there are only two players (buyer and seller) who can interact with each other effectively without having too much information about each other’s costs or constraints on supply.”
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Ace Writing Center has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.
At Ace Writing Center, Nowadays, students normally have extremely busy schedules. You will note that some of them have to take on some evening or weekend jobs in order to get some income that can help them to sustain in college or in the university. This can deny them a chance to write all the essays given. Others usually get bombarded with a lot of work by their lecturers. This can still delay such students from working on all their essays. However, some of them usually try to work on all these essays but end up delivering their work late. This can prevent them from graduating since most lecturers are strict on deadlines. If you want to write a business essay, the wise way is to hire an outstanding essay writing service like us, so that you can get the best results. If you are keen, you will note that many companies usually overcharge their customers. Some of them are there only to make money. And in reality, they really don’t care to build a long term commitment with students. You should not choose such companies. You should take your time and choose a reliable company to work with. Ace Writing Center is the ultimate solution for you. We have been offering our writing service for more than 7 years. This is a clear indication that you will get quality essay writing service. We have a wide range of writers who can work on any business essay that you might have. We believe in doing extensive research so that we can provide quality work to all our clients. .
Admission and Business Papers
Have you ever had to write an admission essay for college? The majority of students face the same issues when applying to a university or college and many in such situations decide they need professional help to cope with this matter. They get in a situation when the deadline keeps coming closer but lack motivation to start because they are just not sure if their writing skills are strong enough. We have a solution for you! Ace Writing Center is the best admission essay writing service with a large professional team and years of experience in providing high-quality papers to students of all levels and faculties. The mission of our team is to help students make their dreams of entering a good college come true and that’s what we offer!.
Editing and Proofreading
Sometimes all the words for your paper just flow out of your mind and into your fingers. You type quickly at your keyboard and there they are, your beautiful words right there on the screen. But you have no idea how to polish it up. You may be wishing there was a paper writing service that offered this type of writing service. Look no more! Here at Ace Writing Center, we offer you an editing and proofreading option that you can't find anywhere else..
College Essay Writing
In case you are familiar Ace Writing Center, you know the way to distinguish a better company from a cheap one exactly. First of all, poor service website does not have a sufficient support. We think support team is an essential part of success; it has to answer all clients’ questions and be a connecting link between clients and their writers. On our web-service you will get answers about anything you need and your writer will receive all your instructions, assignments and requirements exactly and swiftly. A writing service that we run has got a flexible pricing system that will save you from senseless wastes and many bonus systems that let you sparing money for something important for you.