In the late 1990s, the television networks were given $70 billion worth of space on public airways
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In the late 1990s, the television networks were given $70 billion worth of space on public airways for broadcasting high-definition television rather than auctioning it off.
a. Why do airways have value?
b. After the airway had been given to the network, would you expect that the broadcaster would produce high-definition television?
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a Airways have value because they produce revenue and there are only a limited number ...View the full answer
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