Explain how the internet changing the music industry

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1. Explain how the Internet changing the music industry.

2. Explain what role do households play in the market for inputs and explain what role firms play.

3. Students arriving late to class are a potential negative externality because their tardiness may interrupt the instructor and distract students. Can you think of any way in which this externality could be curbed? That is, can you think of any methods that could be employed to internalize this negative externality?

Reference no: EM131194654

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