According to the Case in Point on Hockey Teams, Economic

question 211

Multiple Choice

According to the Case in Point on hockey teams, economic theory predicts that if a sports team consistently sells out its games, it will operate at a quantity where marginal revenue is:

• A) the highest possible.
• B) positive.
• C) negative.
• D) equal to marginal cost and both are equal to zero.

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Definitions:

Affect Heuristic

A mental shortcut in decision-making influenced by emotions, where people rely on feelings rather than detailed analysis.