Suppose, During the Rapid Expansion of NASCAR During the 1990s

question 19

Multiple Choice

Suppose, during the rapid expansion of NASCAR during the 1990s and 2000s, a racetrack owner kept expanding capacity to keep up with demand. Suppose further that fan interest in NASCAR diminished during the recession of 2007-2009. It would have been in that owner's best interest to

• A)reduce ticket prices so that sellouts would resume.
• B)spend money to reduce seating.
• C)set the ticket price to where MC=MR which may mean that there would not be a sellout.
• D)spend as much money on advertising as necessary to ensure a sellout.

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