==+b. Note that as drawn in the figure, the reservation prices for the Sports Channel and the

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==+b. Note that as drawn in the figure, the reservation prices for the Sports Channel and the Movie Channel are negatively correlated. Why would you, or why would you not, expect consumers’ reservation prices for cable TV channels to be negatively correlated?

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Microeconomics

ISBN: 9780134184241

9th Edition

Authors: Robert Pindyck, Daniel Rubinfeld

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