Homework Answers
Q5) Since the two providers can collude, they will collude on a price that gives the maximum revenue.
revenue = price*quantitiy
Revenue at P = 40 is 40*12000 = 480000
Revenue at P = 60 is 60*9000 = 540000
Revenue at P = 80 is 80*6000 = 480000
Revenue at P = 100 is 100*3000 = 300000
Thus, the revenue is amximized when P = 60 and in Nas equilibrium both the providers will collude th a pirce of 60.
Answer = $60 (b)
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5. Refer to Table 16-1. Assume that there are two profit-maximizing digital cable TV companies operating...
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The Table below shows the total demand for cable TV subscriptions for a monopoly. Assume that...
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Use the information below to answer the following questions. The information in the table below depicts 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. Table 16-1 Quantity 0 3,000 6,000 9,000 12,000 15,000...
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