In Major League Baseball the First Time a Player Tests

question 73

Multiple Choice

In major league baseball the first time a player tests positive for steroids they receive an 80-game ban. The 2nd time they test positive for steroids they get a 162-game ban. A 3rd positive test leads to a lifetime ban from major league baseball. This increasing punishment is an example of which element of discipline?

• A)clear rules
• B)progressive discipline
• C)an appeals process
• D)consistent harsh punishment

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Definitions:

Perfectly Elastic

Describes a situation in economics where the quantity demanded or supplied responds infinitely or extremely to a change in price.

Total Revenue

The total amount of income generated by the sale of goods or services related to a company's primary operations.

Quantity Demanded

The specific amount of a product that consumers are willing to buy at a given price, assuming all other factors are held constant.

Price Elastic

A measure of how much the quantity demanded of a good responds to a change in the price of that good. It indicates the sensitivity of consumers to price changes.