Table 17-4

question 102

Multiple Choice

Table 17-4. The information in the table below shows the total demand for high-speed Internet subscriptions in a small urban market. Assume that each company that provides these subscriptions incurs an annual fixed cost of $200,000 (per year) and that the marginal cost of providing an additional subscription is always $80.

-Refer to Table 17-4.Assume there are two profit-maximizing high-speed Internet service providers operating in this market.Further assume that they are able to collude on the quantity of subscriptions that will be sold and on the price that will be charged for subscriptions.How much profit will each company earn?

• A) $80,000
• B) $120,000
• C) $160,000
• D) $210,000

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Definitions:

Parental Conflict

A theory in evolutionary biology that predicts conflict between the evolutionary interests of parents over the allocation of parental resources.

Genomic Imprinting

A genetic phenomenon by which certain genes are expressed in a parent-of-origin-specific manner.

Molecular Level

Analysis or consideration of structures and processes at the scale of molecules, often used in biochemistry and molecular biology.