Why would government see advantage to setting one standard


Problem

When high-definition television (HDTV) was first considered a possibility in the United States, the U.S. government held a competition to select the technical standards that would be used nationwide. Why would the government see an advantage to setting one standard, and what are the pros and cons for the private businesses that were interested in producing for the U.S. market?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why would government see advantage to setting one standard
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