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Author Question: Harvey Rabbitt pays for monthly cable TV service. Last week the cable company informed Harvey that ... (Read 200 times)

vHAUNG6011

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Harvey Rabbitt pays for monthly cable TV service. Last week the cable company informed Harvey that his monthly cable price would go down because the city council has granted approval for three new cable companies to service his area.
 
  How is the market for cable TV services affected by this?
  A) There is a decrease in the quantity of cable TV service supplied.
  B) There is a decrease in the demand for cable TV service.
  C) There is a decrease in the supply of cable TV service.
  D) There is an increase in the supply of cable TV service.

Question 2

What is a firm's fundamental goal and what happens if the firm doesn't pursue this goal?
 
  What will be an ideal response?


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ApricotDream

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vHAUNG6011

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)


meganmoser117

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Reply 3 on: Yesterday
:D TYSM

 

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