Table 16-3 The Information in the Table Below Shows the Total Demand

question 193

Multiple Choice

Table 16-3
The information in the table below shows the total demand for premium-channel digital cable TV subscriptions in a small urban market. Assume that each digital cable TV operator pays a fixed cost of $100,000 (per year) to provide premium digital channels in the market area and that the marginal cost of providing the premium channel service to a household is zero.

-Refer to Table 16-3.Assume that there are two profit-maximizing digital cable TV companies operating in this market.Further assume that they are not able to collude on the price and quantity of premium digital channel subscriptions to sell.What price will premium digital channel cable TV subscriptions be sold at when this market reaches a Nash equilibrium?

• A)$40
• B)$60
• C)$80
• D)$100

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Definitions:

Individual Contributors

Employees who are responsible for completing tasks and projects on their own, contributing to the organization's goals through their individual efforts.

Human Assets

The skills, knowledge, and competencies of the individuals within an organization, considered as valuable resources.

Leadership

The act of guiding or influencing a group towards achieving a common goal through direction, inspiration, and encouragement.

Peer Contributions

Efforts or input provided by individuals at the same level within an organization or group toward a common goal.