Recall the Application about how cable TV providers respond to the threat of potential competitors to answer the following question(s).Recall the Application. Aside from fending off potential entrants into their markets, cable TV decided to lower their prices because:
A. they wanted to discourage price regulation by the government.
B. they wanted more people to enjoy the benefits of cable TV.
C. their marginal costs dropped a lot with the arrival of the internet.
D. All of these are reasons mentioned in the Application.
Answer: A
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Tom is willing to contribute $400 toward building a public park, Jack is willing to contribute $500, and Joe is willing to contribute $750
What is the total marginal value for the park if Tom, Jack, and Joe are the only residents in the neighborhood where the park is being built? A) $1,650 B) $1,050 C) $3,300 D) $2,350
A nation that lacks sufficient capital given its size even though it has ample natural resources is
a. the United States. b. Japan. c. Canada. d. China.
Oligopoly is a market structure that is characterized by a:
What will be an ideal response?
people know that the inflation rate will increase from 3 percent to 5 percent. As a result
What will be an ideal response?