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3. A television guide lists programs and times, but in fact, a substantial part of each time slot is devoted to commercials. a. What are

3. A television guide lists programs and times, but in fact, a substantial part of each time slot is devoted to commercials. a. What are some intended consequences of commercials? b. How are commercials beneficial to consumers? c. Do viewers sometimes actually enjoy commercials? Cite evidence from the article to support your answer. PAGE ONE Economics Federal Reserve Bank of St. Louis | research.stlouisfed.org 7

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