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A month ago
Recall the Application about the merger of Sirius Satellite Radio and XM Satellite Radio to answer the following question(s).


Recall the Application. One might expect no more firms to enter after the market consolidated into one firm because:

▸ demand is very elastic.

▸ the marginal cost of adding addition subscribers if very high.

▸ the fixed cost of setting up a company system and acquiring programing is very high.

▸ all of the above.
Textbook 

Microeconomics: Principles, Applications, and Tools

Edition: 8th
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wrote...
A month ago
the fixed cost of setting up a company system and acquiring programing is very high.
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