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Thousands of content creators post daily on YouTube, TikTok, and other social media sites in hopes of "going viral."

The Economics of “Going Viral”: Attention as a Scarce Resource

They say that everyone wants to be famous. Today, virtually anyone can, thanks to social media. However, there are high costs of trying to master the algorithms to create the most desirable content. What are the economic costs and benefits of trying to "go viral" online?...
4 min read
Quiz - oligopoly and monopolistic competition
Quiz

Quiz - oligopoly and monopolistic competition

Published on January 29, 2020

Quiz - Market failures
Quiz

Quiz - Market failures

Published on January 29, 2020

Quiz - price elasticity of supply
Quiz

Quiz - price elasticity of supply

Published on January 29, 2020

Quiz-price-elasticity-of-demand
Quiz

Quiz-price-elasticity-of-demand

Published on January 29, 2020

Quiz - Cross elasticity of demand
Quiz

Quiz - Cross elasticity of demand

Published on January 29, 2020

Quiz - Costs revenue and profits
Quiz

Quiz - Costs revenue and profits

Published on January 29, 2020

Quiz-supply
Quiz

Quiz-supply

Published on January 29, 2020

Quiz-demand
Quiz

Quiz-demand

Published on January 29, 2020

Quiz - producer surplus
Quiz

Quiz - producer surplus

Published on January 29, 2020

Quiz-production-possibility-frontiers
Quiz

Quiz-production-possibility-frontiers

Published on January 29, 2020

Newer Posts
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Older Posts
Cloud data storage has rapidly become a huge industry, with some unexpected third party costs.

Digital Hoarding: The Economics of Data Storage

Today, we generate tons of digital content that we want stored, potentially forever. As a result, companies spend big bucks to store terabytes (or even petabytes) of data in cloud storage centers. What are the costs of all this digital storage?...
5 min read

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