Assuming That The CD Manufacturing Business Is A Perfectly Competitive Indust…
assuming that the CD manufacturing business is a perfectly competitive industry, explain why his sales are going down
Answer:
Why CD manufacturing sales are going low
Explanation:
Long before, CD’s are lined up in music stores. Due to global restrictions, we have to wait for months to get our hands of foreign artists’ Compact Disc Albums. Now, that’s no longer the case. Music stores closed down and seen nowhere before 2020. Essentially, Compact Discs are worthless and moreover, only used for some official use like sending a large single file through mail. Examples are language books which needed some audio sounds and for easier storage and downloading, it is kept in a CD.
Even the stock for blank CDs are very rare now.
The rise of digital downloads and streaming services is mostly to blame, with digital downloads rising steadily since 2001. Streaming services (such as Spotify) have now taken over the top spot — outselling digital downloads and CDs in 2016, and they continue to grow. It was a similar trend for vinyls and mixtapes. However, those former and latter are becoming a cool vintage trend but CDs are the primitive modernization and so I doubt it will make a comeback.
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