-The Figure Above Shows the Demand Curve (D) Faced by Visual

question 287

Multiple Choice

-The figure above shows the demand curve (D) faced by Visual, Inc., a cable TV company, and the firm's marginal revenue (MR) , marginal cost (MC) , and average cost (LRAC) curves. Suppose Visual is regulated according to a price cap rule, with the price cap set at $24 per household per month. The firm will maximize its profit if it serves ________ million households.

• A) 2
• B) 2.5
• C) 3
• D) 3.5

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Definitions:

Data Visualization

The practice of representing data in graphical or pictorial format to make information easily understandable.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including products and services, target market, and customers for the purpose of improving business decisions.

Cloud Computing

The delivery of computing services—such as servers, storage, databases, networking, software—over the internet to offer faster innovation, flexible resources, and economies of scale.

Business Intelligence

The strategies and technologies used by enterprises for the data analysis of business information to support better business decision making.