Q. 1. Elucidate Explain why the cost structure associated with many kinds of information goods also services might imply a market supplied by a small number of large firms.

2. At the same time some internet trades such as grocery home deliveries have continually suffered steep losses regardless of scale. Elucidate Explain why.

3. Could lower transaction costs in e-commerce ever make it easier for small suppliers to compete?

4. Network externalities are often an important aspect of Demand for information goods also services. (The benefits to clients of using software, participating in electronic markets or using instant messaging rise with the number of other utilizers.) Elucidate how might network externalities affect firm operating strategies (pricing, output also advertising) also firm size?