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Consider the market for video streaming services, TV screens, and movie tickets. For each pair, id ...
Consider the market for video streaming services, TV screens, and movie tickets. For each pair, identify whether they are complements or substitutes: Suppose a technological advance reduces the cost of manufacturing TV screens. Show the effect of this change on the market for TV screens.
Next, show the effect the previous change in the market for TV screens has on the market for video streaming services.
Finally, show the effect the previous change in the market for TV screens has on the market for movie tickets.