The Demand Curve for Boxing Programs on TV Is Plotted

question 96

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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Definitions:

Client Needs

The requirements or services that a client or customer requires from a professional or an organization to solve a problem or meet a goal.

Separate From Environment

The concept of distinguishing individuals or groups from their surrounding environmental conditions, often used in ecological or social science studies.

Knowledge And Consent

Informed agreement or permission given by a person with full understanding of the facts and implications of an action or decision.

Cause Advocacy

The act of aggressively supporting a particular cause or policy, especially to bring about social or political change.