Problem
1. Why did Amazon enter the market for recorded music and why did independent record stores exit?
2. How does competition among online music retailers influence economic profit?
3. Look at the list to the right. In what type of market is each of the goods and services in the list sold? Explain your answers.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.