-The above figure represents the market for cable television in Oakland,Florida.Time Warner Communications (TWC) is the sole provider of cable television to the residents of this Central Florida community.If TWC is left unregulated,how many households in Oakland are served?

Question

Quizplus · Accepted Answer

If TWC is left unregulated, it will produce at the point where marginal cost equals marginal revenue, which is at an output of 20,000 households.

-The Above Figure Represents the Market for Cable Television in Oakland,Florida.Time