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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