Production compares to the size of average total costs

Reference no: EM13694597

1. How do you think the size of marginal costs of newspaper production compares to the size of average total costs? Explain your reasoning.

2. Local city papers are often the only local newspaper in a city. However, they face increasing competition from the internet, more cable and satellite TV channels, etc. How has this competition affected the newspapers’ market power and ability to charge higher prices? Explain

Reference no: EM13694597

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