Use the Following to Answer Question

question 197

Multiple Choice

Use the following to answer question:
Figure: PPV
-(Figure: PPV) Use Figure: PPV.The figure shows the demand and marginal revenue for a pay-per-view football game on cable TV.Assume that the marginal cost and average cost are a constant $40.If the cable company is a single-price monopoly and maximizes profit,producer surplus will be:

• A)$0.
• B)$45.
• C)$70.
• D)$90.

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Definitions:

Lipset

Seymour Martin Lipset was a political sociologist known for his work on the social bases of politics, social stratification, public opinion, and the sociology of intellectual life.

Sociologist

A social scientist who studies the societal behaviors, structures, and functions of human societies and interactions.

Assimilation

A one-way process that occurs when a minority group sheds its differences and assumes the traits of the dominant group.

Dominant Culture

The prevailing cultural practices, beliefs, and values in a given society that influence norms and behaviors, often marginalizing minority groups.