1 Suppose that all Internet Service Providers (ISPs) were required to have a license issued by the...

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1 Suppose that all Internet Service Providers (ISPs) were required to have a license issued by the government, for which the government charged a price . If the government made very large, would you expect there to be very many or very few ISPs in the market? Would each individual ISP be large or small? What do you think would happen to the size of the average ISP and the number of ISPs if the government reduced by 95 percent?

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Managerial Economics

ISBN: 9780415272889

1st Edition

Authors: Tim Fisher , Robert Waschik

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