Suppose all individuals are identical, and their monthly demand for internet access from a certain leading provider can be represented as p = 5 minus − one half 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. the profit maximizing two minus −part pricing results in the firm selling
a. 5 hours.
b. 10 hours.
c. 8 hours.
d. 4.5 hours.
Answers: 2
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