Name: Course: Tutor: Date: Information Goods vs. Industrial Goods: Cost Structure and Competition The author of this article brings into perspective the intriguing findings of the market players concerning information goods and the traditional industrial goods. The primary objective of this article is to bring different perspectives which when critically analyzed give a clear picture regarding the welfare of the two opposing products. The world economy is rapidly shifting towards an information economy where most firms and companies are focusing more on the online market rather than the traditional market (Jones and Haim 164). This has led to more advanced competition between firms and places considerable attention on the new entrants into the market. In this case the paper tries to establish what drives the result in this contemporary working environment. An information distortions characterize that information goods markets. In conclusion we find that there are many new ideas discussed in the article. We learn that for information products vertical differentiation is precisely appropriate with the principal features including speed ease of use and other functionalities which attract consumers depicts the ceteris paribus all users prefer more. Again realizing that market forces such as monopoly and duopoly have differing effects for the two products is essential. In fact it is clear that information goods provide a more promising investment future compared to industrial commercials (Jones and Haim 173-174). Information goods seem to continue dominating the world economy as more firms seek to benefit from this emerging economy. Work cited Jones Roy and Haim Mendelson. "Information goods vs. industrial goods: Cost structure and competition." Management Science 57.1 (2011): 164-176. [...]
For this assignment, you will respond in writing to an academic article that relates to a topic we are studying in class. If you are unsure what an academic article is, you may consult the syllabus, ask me, or ask a librarian. Your task is to find and read an academic article and respond to it using the criteria listed below. College level writing will be expected and the assignment will utilize the writing rubric in the syllabus. Along with your essay, submit an MLA works cited page that references the article you read. Paragraph 1: Explain the main purpose of the article. Briefly summarize the article. In this paragraph, you are trying to state, as accurately as possible, the author’s purpose for writing the article. Answer the question, “what was the author trying to accomplish?” Use evidence from the article to support this paragraph with MLA style in text citations. Paragraph 2: Describe and explain the key question that the author or authors are addressing. Your goal in this this paragraph is to figure out the key question that was in the mind of the author when s/he wrote the article. Use evidence from the article to support this paragraph with MLA style in text citations. Paragraph 3: Describe and explain the most important information in this article. Here you want to identify and explicate the key information the author used (or presupposed) to support his or her main arguments. You are looking for the facts, data, experiences the author used to support his argument. Use evidence from the article to support this paragraph with MLA style in text citations. Paragraph 4: Describe and explain the main inferences and conclusions in the article. You want to identify the most important conclusions that the author comes to and presents in the article. You should be able to explain why the author comes to the conclusions he or she does, not simply restate the author’s conclusions. Use evidence from the article to support this paragraph with MLA style in text citations. Paragraph 5: Describe and explain the key ideas the reader needs to understand in this article. To identify these ideas, ask yourself: What are the most important ideas that you would have to understand in order to understand the author’s line of reasoning? Then, briefly elaborate what author means be these ideas. Use evidence from the article to support this paragraph with MLA style in text citations. Paragraph 6: Reflect on what you learned from this article. Was there something you learned that you didn’t know before you read the article? What did you find as the most important idea of the paper? What was most significant to you about the ideas in this paper. This will be your summary and conclusion paragraph.