Draw the Cable TV Graph. Consider the “Satellite versus Cable” Application. Use a graph to show that the entry of satellite TV decreases the profit-maximizing price of a cable TV company from $40 to...

Draw the Cable TV Graph. Consider the “Satellite versus Cable” Application. Use a graph to show that the entry of satellite TV decreases the profit-maximizing price of a cable TV company from $40 to $35. (Related to Application 1 on page 587.)