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The Economics of Digital Information
A software company invests millions in developing a comprehensive database of scientific research papers. Once created, the cost of providing access to an additional user is nearly zero. The company decides to sell access to this database through an expensive annual subscription, making it unavailable to many students and independent researchers. From an economic perspective, analyze the conflict between the characteristics of this database as a good and the company's pricing strategy. In your analysis, explain why this good can be described as 'artificially scarce'.
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Social Science
Empirical Science
Science
CORE Econ
Economy
Economics
Introduction to Microeconomics Course
The Economy 2.0 Microeconomics @ CORE Econ
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