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Assume that the company Netflix considers Hulu to be very close competition for a close substitute) in their marker, if that is indeed the case,
Assume that the company Netflix considers Hulu to be very close competition for a close substitute) in their marker, if that is indeed the case, what should be true from the following when Netflix estimates the change in quantity demanded (in this case. the number of subscribers] of their own service when the wbucription fires [price of Hily changes? O a) Cross price elasticity of demand (Ecp) is positive but less than 1 b) Cross price elasticity of demand (Ecp) is positive and greater than 1 ( c) Cross price elasticity of demand (Ecp) is negative O'dj Income elasticity of demand (El) is positive
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