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QUESTION
Refer to Table 16-1. Assume that there are two profit-maximizing digital cable TV companies operating in this market.
Refer to Table 16-1. Assume that there are two profit-maximizing digital cable TV companies operating in this market. Further assume that they are not able to "collude" on price and quantity of premium digital channel subscriptions to sell. How much profit will each firm earn when this market reaches a Nash equilibrium?
