Who decides whether a movie is going to be a blockbuster? How do you think the creation of a blockbuster movie influences what, how, and for whom goods and services are produced?

Question

What will be an ideal response?

Answer 1

The audience decides whether a movie will be a blockbuster be-cause the audience decides whether to attend the movie.
The "what" question is affected in three ways: First, one good or service that is produced is the blockbuster movie. Second, the people whose in-comes are higher as a result of the blockbuster then buy an assortment of goods and services and so this assortment of goods and services is pro-duced. Finally, the "what" question is influenced if the movie leads to spinoff goods (such as toys) or creates a series of sequels or similar films. The "how" question is affected to the extent that movies use different production methods. Some movies, for instance, have a lot of special effects while other movies have few or none. The "for whom" question is influ-enced because those people who receive the profits of a blockbuster movie have higher incomes and so more goods and services are produced for them.