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 highly competitive 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) $2; 800
C) $4; 600
D) $6; 400
E) $8; 800
Correct Answer:

Verified
Correct Answer:
Verified
Q44: In what way does e-mail exhibit a
Q45: The following table shows two firms in
Q46: Player A and Player B are playing
Q47: It might be rational for a firm
Q48: The presence of significant positive _ externalities
Q50: The Organization of Petroleum Exporting Countries (OPEC)controls
Q51: Use the following scenario to answer the
Q52: The following payoff matrix depicts the possible
Q53: The market for social-networking website services is
Q54: In 1974,the U.S.attorney general filed suit against