[Related to the Economics in Practice on p. 280] When ca
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[Related to the Economics in Practice on p. 280] When cable television was first introduced, there were few substitutes
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[Related to the Economics in Practice on p. 280] When cable television was first introduced, there were few substitutes for it, particularly in areas with poor reception of network TV. In the current environment, a number of companies from outside the industry (for example, AT&T) have begun to develop new ways to compete with cable. What effect should we expect this to have on the cable companies?
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