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September 11, 2020

Netflix Case StudyIn this case, we learn about Netflix’s suc

Netflix Case StudyIn this case, we learn about Netflix’s success in the entrepreneurial process of creative destruction. We also learn about the problems they face due to competition.Write 2.5 to 3 pages explaining each of the following:1. Netflix’s rise to prominence, focusing on creative destruction (see your notes from Week 6, Day 1)2. Which of Netflix’s competitors is most dangerous to them? Focus on the competitor’s entrepreneurship.3. Choose one of the possible solutions in the last paragraph on page 7. Write about why you think this is the best solution to the competitive pressure Netflix faces.I attached the case study and the textbook below. Below is a list of themes from the textbook that should guide you in writing your essay. You don’t need to make use of all the themes, as some will not be appropriate or relevant.Supply & Demand FundamentalsMarket Incentives from Outside the FirmMarket Incentives Within the FirmCompetition from SubstitutesProblems with ComplementsRole of Market FrictionsRole of Prices Changes in Monopoly PowerFirm vs MarketLabor Market ConditionsComplementarity of Capital AssetsAsset Specificity

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