Physical Goods Pizza Cars Clothes Washing Machines Information Goods Information Goods Books Music Movies Financial Reports information good a collection of symbols Its utility depends on the arrangement of the symbols not on the material form that they take Thus they are easily digitized Properties of Information Goods infinitely replicable easy to disseminate easy to store memory card high fixed costs no marginal costs information goods are experience goods tend to be unique aspects of monopoly Information good value derives from information not media physical form Technology Digitization and Proliferation of Information Goods Important characteristics of Info Goods Ease of replication distribution and storage Experience goods Variable Valuations Cost structure high fixed low no variable Summary
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