May 03, 2022 Uncategorized

The Price of Radio Programming Should Rise

Question Description
I’m working on a economics exercise and need an explanation to help me understand better.

In 2005, Clear Channel (an owner of multiple popular radio stations) spun off concert promoter Live Nation into an independent company. Assume that music radio stations and concerts are complements in consumption.

True or False: The price of radio programming should rise.

False
True

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