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Quiz
· Media and government
· 9 of 21
Economics of the Media
Knowledge Check
Question 1 of 2
The high upfront cost of laying cable lines means it may be inefficient for multiple cable companies to exist in the market. Therefore, cable TV provision may be an example of a (an) _____________________.
a.
Bertrand equilibrium
b.
natural monopoly
c.
both a. and b.
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