Question: Table 1 8 - 2 nformation in the following table shows the total demand for internet radio subscriptions in a small urban market. Assume that

Table 18-2
nformation in the following table shows the total demand for internet radio subscriptions in a small urban market. Assume that each company that provides these subscriptions incurs an annual fixed cost of $20,000(per year) and that the marginal cost of providing an additional subscription is always $16.
\table[[\table[[Quantity Demanded],[(Internet radio],[subscriptions)]],\table[[Price],[(Dollars per],[subscription per year)]]],[0,64],[500,60],[1,000,56],[1,500,52],[2,000,48],[2,500,44],[3,000,40],[3,500,36],[4,000,32],[4,500,28],[5,000,24],[5,500,20],[6,000,16],[6,500,12],[7,000,8],[7,500,4],[8,000,0]]
Table 18-2. Suppose there is only one internet radio provider in this market and it seeks to maximize its profit. The company will
Table 1 8 - 2 nformation in the following table

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