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What entry barriers exist in the cable TV industry?

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Yusra Anees
Yusra AneesLv10
1 Apr 2021
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Related questions

Which of the following is an example of a monopolistically competitive industry?
 
  wheat farming
  cable TV
  automobiles
  fast-food hamburger restaurants

An economist has estimated the demand for cable television services in Eastern Pennsylvania, and has found the following elasticities:

Price elasticity of demand for cable TV: EP = -1.25

Income elasticity of demand for cable TV: EM = 0.85

Cross-price elasticity between cable TV and Netflix: E Cable, P Netflix= 1.30

Indicate whether each of the following statements is true or false, and explain why.

If the cable television company wants to increase revenues, it should increase the price.

Reducing prices will increase the number of customers for cable television and the revenues generated.

Reducing the price of Netflix would increase the number of customers acquiring cable television services.

A 10 percent increase in household income will result in an 85 percent increase in demand for cable television services.

According to contestable market theory:
a. barriers to entry are much less important than the market structure in determining the degree of price competition in an industry.
b. neither barriers to entry nor market structure effects that agree of price competition in an industry
c. barriers to entry are much more important than the market structure in determining the degree of price competition in an industry.
d. barriers to entry in a market structure of the polls important in determining the degree of price competition in an industry.

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