The Demand Curve for Boxing Programs on TV Is Plotted

question 91

Multiple Choice

The demand curve for boxing programs on TV is plotted in the graph below:
When the fight is shown as pay-per-view television programming so viewers are charged a fee to watch,the outcome is __________ because __________.

• A)efficient;prices will allocate the program to those who value it most
• B)efficient;the marginal cost is zero
• C)inefficient;the marginal cost is zero
• D)efficient;otherwise firms would have no incentive to provide a good that people value

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