Opportunity-cost theory implies that if the public lost most of its interest in spectator sports,
What will be an ideal response?
the cost of hiring professional athletes would fall.
You might also like to view...
Which of the following is a problem with the price system that can lead to fluctuations in output?
A) The price system works silently in the background. B) Prices may be flexible. C) Prices can be slow to adjust. D) all of the above
Total revenue increases if the price of the good
A) rises and demand is elastic. B) rises and demand is inelastic. C) rises and demand is unit elastic. D) falls and supply is inelastic. E) falls and demand is unit elastic.
A Nash equilibrium will always provide both players with their highest payoffs possible
Indicate whether the statement is true or false
__________is business conducted over the internet.
Fill in the blank(s) with the appropriate word(s).