A promoter might charge less than the profit maximizing ticket price because
A. she knows that the facility has absolutely no alternative use on the day of the event.
B. the talent that she represents may wish to play to a full arena for their own ego.
C. like most promoters, she has deeply-felt charitable instincts.
D. all of the options are correct.
Answer: B
You might also like to view...
When a country forgoes its own currency and starts using another country's currency as its own, we say that this country has
A) created a currency board. B) undergone dollarization. C) adopted a managed exchange system. D) adopted an exchange rate monetary system.
During a banking crisis during the period of free banking, the unexpected surge in the demand for money in the form of specie would cause bankers to call in loans which would, in turn, squeeze credit, slow output and increase unemployment
Indicate whether the statement is true or false
Which statement is false?
A. The spreading use of electricity during the 1920s helped create rapid economic expansion in that decade. B. The stock market rose very rapidly in the late 1920s. C. Between 1921 and 1929 national output rose by 50 percent. D. None of the statements are false.
Moral hazard occurs when
a. an employer closely monitors an employee. b. two people consider a trade with each other and one person has relevant information about some aspect of the product's quality that the other person lacks. c. an employee lacks an incentive to promote the best interests of the employer, and the employer cannot observe the actions of the employee. d. an employee closely monitors the actions of her employer.