Formula 1 (F1) Motor Racing Strictly Controls the Number of Teams

question 96

Multiple Choice

Formula 1 (F1) motor racing strictly controls the number of teams in the sport and the number of races in a season. It also controls television rights for the F1 season. It does this in order to _____.

• A) increase price by restricting supply
• B) reduce the quantity of motor racing demanded
• C) make demand perfectly inelastic
• D) create a surplus in the market

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Definitions:

Main Component

The primary or most important part of something that contributes to its function or structure.

Conjunct

An element of a conjunction in logic, representing a compound statement formed with the word "and" that is true only when both components are true.

Conjunction

A compound statement formed by combining two statements with the word "and".

Tautology

A statement that is inherently true in every possible interpretation due to its logical structure.