Business, 20.11.2019 22:31 lauren21bunch

When home builders construct a new housing development, they will usually sell the rights to lay cable to a single cable television company. as a result, anyone buying a home in that development is not able to choose between competing cable companies. some cities have begun to ban such exclusive agreements. williams township, pennsylvania, decided to allow any cable company to lay cable in the utility trenches of new housing developments. the head of the township board of supervisors argued, "what i would like to see and do is give the consumers a choice. if there's no choice, then the price [of cable] is at the whim of the provider." source: sam kennedy, "williams township may ban exclusive cable provider pacts," (allentown, pennsylvania) morning call, november 5, 2004, p. d1. n a situation in which the consumers in a housing development have only one cable company available, is the price really at the whim of the company? would a company in this situation be likely to charge, say, $500 per month for basic cable services? explain why or why not. a cable company in this situation a. would not be free to charge any price it chooses because it would still seek to produce at lowest marginal cost. b. would not be free to charge any price it chooses because it would still be constrained by consumer demand c. would not be free to charge any price it chooses because it produces a product with close substitutesd. would be free to charge any price it chooses because it would have market power. e. would not be free to charge any price because it would be a price taker.

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