QUESTION 9 Time Warner could offer the History Channel (H) and Showtime (S) individually or as a bundle of both. Suppose the reservation prices of customers 1 and 2 (the highest prices they are willing to pay) are presented in the boxes below. The cost to Time Warner is $1 per customer for licensing fees. Preferences __ _ Should Time Warner bundle if everyone likes Showtime more than the History Channel, i.e., preferences are positively correlated? Ariel v 3 (12m) v Path: p Wordszt)