Table 17-2 the Information in the Table Depicts the Total Demand for Demand

question 13

Multiple Choice

Table 17-2
The information in the table depicts the total demand for wireless Internet subscriptions in a small urban market. Assume that each wireless Internet operator pays a fixed cost of $100,000 (per year) to provide wireless Internet in the market area and that the marginal cost of providing the wireless Internet service to a household is zero.


-Refer to Table 17-2.Assume that there are two wireless Internet companies operating in this market.If they are able to "collude" on price and quantity of subscriptions to sell,what price (P) will they charge,and what quantity (Q) of subscriptions will they collectively sell

• A)P = $60, Q = 8000
• B)P = $90, Q = 6000
• C)P = $120, Q = 4000
• D)P = $150, Q = 2000

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Definitions:

Genetic Drift

The process in which allele frequencies within a population change randomly with no influence from selective pressures, often affecting smaller populations more significantly.

Genetic Variation

The diversity in gene frequencies within a population, which is the raw material for evolution.

Hardy-Weinberg Equilibrium

The Hardy-Weinberg Equilibrium is a principle that states the genetic variation in a population will remain constant from one generation to the next in the absence of disturbing factors.

Reproducing Flies

Insects of the order Diptera, which have a high reproductive rate, contributing to their role as both pests and ecological agents.