Suppose all individuals are identical, and their monthly demand for In
Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as p = 5 – (1/2)q where p is price in $ per hour and q is hours per month. The firm faces a constant marginal cost of $1. If the firm will charge a monthly access fee plus a per hour rate, the monthly access fee will equal
A) $1.
B) $5.
C) $8.
D) $16.
ANSWER
D
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