Table 17-7 The Information in the Table Below Shows the Total Demand

question 505

Multiple Choice

Table 17-7
The information in the table below shows the total demand for internet radio subscriptions in a small urban market. Assume that each company that provides these subscriptions incurs an annual fixed cost of $20,000 (per year) and that the marginal cost of providing an additional subscription is always $16.
-Refer to Table 17-7. Assume there are two profit-maximizing internet radio providers operating in this market. Further assume that they are not able to collude on the price and quantity of subscriptions to sell. How many subscriptions will be sold altogether when this market reaches a Nash equilibrium?

• A)2,000
• B)3,000
• C)4,000
• D)5,000

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Definitions:

Cognitive-Behavioral

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Problems experienced by individuals in any phase of the sexual response cycle, including desire, arousal, orgasm, and resolution, that can affect sexual satisfaction and health.

Cognitive-Behavioral Therapist

A mental health professional specializing in cognitive-behavioral therapy, a treatment that focuses on changing negative thought patterns and behaviors.