The Following Table Shows a Small Community's Demand for Monthly

question 8

Multiple Choice

The following table shows a small community's demand for monthly subscriptions to a streaming movie service.Assume that only two firms (Nextflix and Flixbuster) sell in this market,that each firm offers the same quality of service and movie selection,and that each firm's marginal cost is constant and equal to 0 (zero) due to excess capacity.Use this information to answer the following questions:

-If this market were a monopoly instead of a duopoly,the market price would be ________ and the quantity of streaming movie subscriptions purchased each month would be ________.

• A) $0; 1,000
• B) $3; 700
• C) $5; 500
• D) $7; 300
• E) $9; 100

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Definitions:

Single-Parent Households

Family units headed by one adult, navigating the complexities of raising children alone.

Advantages

Benefits or favorable factors that contribute to success or the achievement of an objective.

Disadvantages

The drawbacks or negative aspects of a situation, condition, or decision.

Family Mealtime

Family mealtime is the occasion when members of a household gather to eat a meal together, an important practice for bonding, communication, and the establishment of healthy eating patterns.