What Development Turned the Cable TV Market into a Contestable

question 95

Multiple Choice

What development turned the cable TV market into a contestable one?

• A)Economies of scale.
• B)Satellite and broadband technology.
• C)Cable TV firms raised prices.
• D)Cable TV firms were earning economic profits.

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Definitions:

Nominal GDP

The value of the final goods and services produced in a given year valued at that year’s prices.

Velocity of Money

The speed at which currency is transferred from one deal to another and the frequency of usage of a currency unit within a specific timeframe.

Unemployment

The state of being without a job despite actively looking for work, usually measured as a percentage of the labor force.

PQ Remains Same

A situation in economic terms where the price level (P) and quantity (Q) of goods and services in the market stay unchanged over a period.