Ecommerce, Digital Goods and Markets

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Last updated 11:19 AM on 4/27/24
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8 Terms

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Market creators

Provide a digital environment for buyers and sellers to set product prices

2
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Free Revenue Model

Offers some services for free but charges a subscription fee for premium services

3
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Long Tail Marketing

Some demand for a product always exists, no matter how small

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Start of e-commerce

The first paid advertisement

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Internet Technology Standards

Universal standards in internet technology discussions

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Price Discrimination

Selling the same goods to different groups at different prices

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Dynamic pricing

Varying a product's price based on the supply situation

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Information Asymmetry

One party having more important information than the other party

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