-The above figure shows the market demand curve for long-distance land-based telephone calls.Suppose the marginal cost of a long-distance telephone call is 2¢ a minute for a call no matter how many minutes of calls are made and there are 3 firms in the industry.If the firms in the industry operate as a monopoly,there are ________ minutes of calls made per hour.
A) between 0 and 3 million
B) more than 3 million and less than or equal to 5 million
C) more than 5 million and less than or equal to 7 million
D) more than 7 million and less than or equal to 9 million
E) more than 9 million

Question

-The above figure shows the market demand curve for long-distance land-based telephone calls.Suppose the marginal cost of a long-distance telephone call is 2¢ a minute for a call no matter how many minutes of calls are made and there are 3 firms in the industry.If the firms in the industry operate as a monopoly,there are ________ minutes of calls made per hour.
A) between 0 and 3 million 
B) more than 3 million and less than or equal to 5 million 
C) more than 5 million and less than or equal to 7 million 
D) more than 7 million and less than or equal to 9 million 
E) more than 9 million

Quizplus · Accepted Answer

The Answer of 
-The above figure shows the market demand curve for long-distance land-based telephone calls.Suppose the marginal cost of a long-distance telephone call is 2¢ a minute for a call no matter how many minutes of calls are made and there are 3 firms in the industry.If the firms in the industry operate as a monopoly,there are ________ minutes of calls made per hour.
A) between 0 and 3 million 
B) more than 3 million and less than or equal to 5 million 
C) more than 5 million and less than or equal to 7 million 
D) more than 7 million and less than or equal to 9 million 
E) more than 9 million

-The Above Figure Shows the Market Demand Curve for Long-Distance