Which might be a possible reason a cable television operator want to bundle channels together in packages ("tiers")?
a. delivering many channels to the consumer is not much more costly than delivering a few.
b. simplifies the consumer's choice and perhaps lowers administrative costs.
c. allows the firm to extract revenue from a consumer even if it does not know exactly which channels the consumer likes the most..
d. all of the above.
d
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Following mergers that raised the market shares of two airlines to 79 and 82 percent, respectively, of traffic in their hub cities, prices of service rose and the quantities of service fell, even though in most other markets prices fell and quantities increased. The result suggests that these markets
a. were contestable. b. were monopolized. c. become more competitive due to oligopolistic rivalries. d. had no barriers to entry.
Time-series data
A. may exhibit trend and cyclical variation at the same time. B. may exhibit trend or cyclical variation, but not both at the same time. C. show the behavior of a particular variable over time. D. both a and b E. both a and c