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

question 104

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 profit-maximizing wireless Internet companies operating in this market.Further assume that they are not able to "collude" on price and quantity of wireless Internet subscriptions to sell.How many wireless Internet subscriptions will be collectively sold (by both firms) when this market reaches a Nash equilibrium

• A)2000
• B)4000
• C)6000
• D)58000

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Definitions:

Vasodilation

The widening of blood vessels, which decreases blood pressure and increases blood flow to specific areas of the body.

Vessel Diameter

The width of a blood vessel, which affects blood flow and pressure, and is regulated by various physiological mechanisms.

Resistance

In a broad sense, it refers to the opposition to flow or movement, such as electrical resistance in physics or the body's resistance to disease in biology.

Abdominal Aorta

The largest artery in the abdominal cavity that supplies blood to many of the abdominal and pelvic organs as well as the legs.