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Suppose the cost of producing a 30 second commercial for television is $100,000. If airtime on the evening news costs $200,000 and is viewed by 5 million people, what is the advertising cost per potential customer?
A. $.04 per potential customer, or $4.00 per 1000 customers
B. $.02 per potential customer, or $2.00 per 1000 customers
C. None of the above
D. $.06 per potential customer, or $6.00 per 100 customers
E. $.03 per potential customer, or $3.00 per 1000 customers
Where Q is the total quantity of all firms in the market and q is the quantity of a single firm. Suppose there are n firms in the economy. Solve for the total quantity of all the firms and the price in equilibrium as a function of n under Cournot.
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What is meant by "retrospective" billing of health care expenses. How can a system of retrospective billing impact health care expenditures
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