Which of the following firms acts as platform provider in two-sided markets? Select all that apply1 pointEbayGoogleNikeBank of America
Question
Which of the following firms acts as platform provider in two-sided markets? Select all that apply
- Ebay
- Nike
- Bank of America
Solution
The firms that act as platform providers in two-sided markets from the given options are:
- Ebay
Explanation:
A two-sided market, also known as a two-sided network, is a platform that brings together two distinct user groups who provide each other with network benefits.
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Ebay is a clear example of a two-sided market. It connects buyers and sellers, providing a platform for individuals and businesses to sell their products to consumers.
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Google also operates in a two-sided market. On one side, it provides a platform for users to search for information, and on the other side, it allows businesses to advertise their
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