Data on Health,physical Activity,and Sports Indicates That

question 32

Multiple Choice

Data on health,physical activity,and sports indicates that

• A)some competitive sports have high health costs because injury rates are high.
• B)playing rigorous competitive sports extends life expectancy beyond average.
• C)good medical care has made most heavy-contact sports safer than aerobics.
• D)playing competitive sports involves pressures to avoid playing while injured.

---

Definitions:

Reservation Price

The maximum price a consumer is willing to pay for a good or service, or the minimum price a seller is willing to accept.

Market Price

The current value at which a good or service can be bought or sold in a marketplace, determined by the forces of supply and demand.

Perfect Price Discrimination

Perfect price discrimination occurs when a seller charges every consumer the maximum they are willing to pay, capturing the entire consumer surplus as profit.

Marginal Revenue

The additional revenue that a company gains by selling one more unit of a product or service.