Suppose all individuals are identical, and their monthly demand for Internet access from a certain leading provider can be represented as q = 10 – 2p…
Suppose all individuals are identical, and their monthly demand for Internet access from a
certain leading provider can be represented as q = 10 – 2p 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, how much will the monthly access fee be?
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