Which of the Following People Would MOST LIKELY Be the Best

question 1

Multiple Choice

Which of the following people would MOST LIKELY be the best target market for tickets to the home games of the Indianapolis Colts professional football team?

• A)all people with an interest in professional football
• B)all people in the Midwest who have an interest in sports
• C)all men who played on a varsity football team in high school
• D)all people in the Indianapolis and surrounding areas interested in football
• E)all people in Indiana who watch football on TV

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Definitions:

Quantity

The amount or number of a material or immaterial good considered as a unit or in discrete amounts.

Producer Surplus

The difference between what producers are willing to accept for a good versus what they actually receive in the market.

Price

The monetary figure anticipated, obligated, or dispensed in transaction for a service or good.

Quantity

The amount or number of a material or immaterial good or service.