The Band Pearl Jam Made a Public Statement That They

question 114

Multiple Choice

The band Pearl Jam made a public statement that they had decided not to book any concerts through Ticketmaster as an objection to the virtual monopoly Ticketmaster had on the industry.The initial strong public support was followed by fewer concerts,lower revenues,less overall public exposure and more hassles for the band.In retrospect,the band's decision seems to have

• A)been improperly framed.
• B)been socially irresponsible.
• C)discounted the future.
• D)used psychological conflict.
• E)involved too many conflicting groups.

---

Definitions:

Cross-Price Elasticity

A measurement of how the quantity demanded of one good responds to a change in the price of another good.

Negative

A term often indicating a subtraction, a deficit, or an unfavorable outcome in various contexts.

Unrelated Goods

denotes two or more goods that have no direct connection in consumption or production, implying no cross-price elasticity between them.

Complementary Goods

Products or services that are consumed together because the use of one enhances the use of the other.