Suppose That the CFL Wants to Give the "Common Fan

question 102

Multiple Choice

Suppose that the CFL wants to give the "common fan" the opportunity to attend the Grey Cup,so it sets Grey Cup prices "low"-let's say that they set ticket prices for a regular seat at the Grey Cup to cost just $100.People who have tickets,however,can turn around and sell them online for $1 000 or more.If there are no transaction costs for fans with tickets to sell them,the true cost to a fan of attending the Grey Cup is:

• A) at most $100.
• B) at least $1 000.
• C) the monetary price paid to obtain the ticket.
• D) $900 less than the opportunity cost of a ticket.

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Definitions:

Environmental Influences

External factors or conditions that affect the growth, development, behavior, and survival of organisms, including both natural and human-made elements.

Amniocentesis

A procedure for drawing and examining fetal cells sloughed off into amniotic fluid to determine the presence of various disorders.

Blastocyst

A stage within the germinal period of prenatal development in which the zygote has the form of a sphere of cells surrounding a cavity of fluid.

Nourishment

The substances necessary for growth, health, and good condition, often gained through the consumption of food and drink.