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Marginal cost = price only in perfectly competitive markets. For commodity content(e.g., daily news), then yes the expected long term price is zero. For content
by czr80 14y ago
Marginal cost = price only in perfectly competitive markets. For commodity content(e.g., daily news), then yes the expected long term price is zero. For content that does not have (perfect) substitutes (e.g., the latest Batman movie), the expected market price is not zero.