Business, 02.06.2021 20:40 lallenma

The accompanying 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 ans wer the questions that follow Number of Total Revenue/ Price/Month (P) Customers (Q) Month (TR) $10 $900 $9 100 200 $1,600 $2.100 $7 300 $2,400 400 $6 $5 $2,500 500 600 $2,400 $4 $3 $2.100 700 $1,600 800 $2 900 $900 $1 $0 1,000 S0
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. $4; 600
c. $2; 800
d. $6;400
e. $8; 800

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