You cannot purchase a cable subscription for single channels like the Food Network or Cartoon Network because cable companies:
A) act like perfectly competitive firms.
B) are not interested in maximizing their profits.
C) have no market power to sell individual channels.
D) act like monopolies.
E) are pressured by the government to provide channel packages.

Question

Quizplus · Accepted Answer

Cable companies often act like monopolies, bundling channels to maximize profits and leverage their market power, rather than selling individual channels.

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