Use the following to answer questions:
Figure: PPV 
-(Figure: PPV) Look at the figure PPV, which 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 $40. If the cable company practices perfect price discrimination, deadweight loss will be:
Definitions:
Securities Act Of 1933
A U.S. federal law enacted to ensure transparency and fairness in the issuance of securities, requiring registration and disclosure to protect investors.
Promissory Note
A written, legally binding agreement in which one party promises to pay a defined sum of money to another party under specified conditions.
SEC
The U.S. Securities and Exchange Commission, a government agency responsible for regulating the securities industry and protecting investors.
Civil Fines
Monetary penalties imposed by a civil court or regulatory agency as punishment for violations of civil laws or regulations.
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