Table 16-1 the Table Below Shows the Total Demand for Viewing a Viewing

question 120

Multiple Choice

Table 16-1
The table below shows the total demand for viewing a rare penguin species at a local reserve. Ecotour companies have to build discreet viewing hides for tourists to view the penguins. Each ecotour company has to pay a fixed fee of $10 000 for the right to build on the reserve. Assume that hides can be supplied to tourists at zero marginal cost. Tickets are sold to tourists to use the viewing hides.
Any firm can change tickets by steps of 1000 only. Prices for missing quantities are the exact midpoint between two adjacent prices.
-Refer to Table 16-1. Assume that there are two ecotourist companies operating in this market. If they are able to collude on the price of tickets to sell, what price will they charge, and how many tickets will they collectively sell?

• A) $24 2000
• B) $24 4000
• C) $12 2000
• D) $12 4000

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Definitions:

Nutrients

Substances that provide nourishment essential for the growth and maintenance of life.

Fixed Virulence

A concept referring to a pathogen's stable level of harm or aggressiveness towards its host, not commonly used as a standardized term in scientific literature (NO real standardized definition).

Evolve

The process in which multiple forms of life are presumed to have originated and diversified from earlier types throughout the history of the planet.

Antibiotics

Substances used to kill or inhibit the growth of bacteria, often used to treat bacterial infections in humans and animals.