1.) Consider the market for film streaming services, TV sets, and movie tickets. For each pair, identify...
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1.)
Consider the market for film streaming services, TV sets, and movie tickets.
For each pair, identify whether they are complements or substitutes:
Pairs of Goods and Services | Complements | Substitutes | |
---|---|---|---|
Film streaming services and TV sets | |||
Film streaming services and movie tickets | |||
TV sets and movie tickets |
Suppose a technological advance reduces the cost of manufacturing TV sets.
Show the effect of this change on the market for TV screens.
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