Duffy-Deno (2003) estimated the demand functions for broadband service are (Q_{s}=15.6 p^{-0.563}) for small firms and (Q_{l}=16.0

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Duffy-Deno (2003) estimated the demand functions for broadband service are \(Q_{s}=15.6 p^{-0.563}\) for small firms and \(Q_{l}=16.0 p^{-0.296}\) for larger ones, 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?

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Microeconomics

ISBN: 9781292215624

8th Global Edition

Authors: Jeffrey Perloff

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