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a. What are the profit-maximizing prices and quantities for the Chicago and Seattle markets? b. As a consequence of a new satellite that the Ford
a. What are the profit-maximizing prices and quantities for the Chicago and Seattle markets? b. As a consequence of a new satellite that the Ford Foundation has developed and has made available to the public at no charge, subscribers in Seattle are now able to get the Chicago broadcasts and vice-versa, so BSI can charge only a single price. What price should BSI charge? c. In which situation is BSI better off? In terms of consumer surplus which situation (a or b) do people in Seattle prefer, and which do people in Chicago prefer? Why
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