Question: In the application Aggregating the Demand for Broadband Service (based on Duffy-Deno, 2003), the demand function is Qs = 5.97p-0.563 for small firms and Ql

In the application "Aggregating the Demand for Broadband Service" (based on Duffy-Deno, 2003), the demand function is Qs = 5.97p-0.563 for small firms and Ql = 8.77p-0.296 for larger firms, where price is in cents per kilobyte per second and quantity is in millions of kilobytes per second (Kbps). What is the total demand function for all firms? If the price for broadband service is 40¢ per Kbps, what is the equilibrium quantity demanded by small firms, large firms, and all firms?

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