The Following Table Shows a Small Community's Demand for Monthly

question 49

Multiple Choice

The following table shows a small community's demand for monthly subscriptions to a streaming movie service.Assume that only two firms (Nextflix and Flixbuster) sell in this market,that each firm offers the same quality of service and movie selection,and that each firm's marginal cost is constant and equal to 0 (zero) due to excess capacity.Use this information to answer the following questions:

-If this market were highly competitive instead of a duopoly,the market price would be __________ and the quantity of streaming movie subscriptions purchased each month would be __________.

• A) $0; 1,000
• B) $2; 800
• C) $4; 600
• D) $6; 400
• E) $8; 800

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Definitions:

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