Use the Following to Answer Question

question 29

Multiple Choice

Use the following to answer question:
Figure: PPV
-(Figure: PPV) Use Figure: PPV.The figure shows the demand and marginal revenue for a pay-per-view football game on cable TV.Assume that the marginal cost and average cost are a constant $20.If the cable company is a monopoly,how much producer surplus is there when the monopolist maximizes profit?

• A)$0
• B)$20
• C)$80
• D)$160

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Definitions:

Organizational Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution or organization.

Kurt Lewin

A German-American psychologist known for his pioneering work in social psychology, group dynamics, and organizational development, often considered the father of modern social psychology.

Environmental Forces

External factors such as economic, political, social, technological, and legal conditions that influence an organization's operations and outcomes.

Learned Behavior

Behaviors or actions that are acquired or modified over time in response to the surrounding environment.