A magician recorded his magic show and broadcast it freely in internet. How would you classify the show with reference to rivalrous and excludability?
A magician recorded his magic show and broadcast it freely in internet. How would you classify the show with reference to rivalrous and excludability?
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter16: Government Regulation
Section: Chapter Questions
Problem 9E
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Question
(a) A magician recorded his magic show and broadcast it freely in internet. How would you classify the show with reference to rivalrous and excludability?
(b) There are two online magic show enthusiasts, A and B in the market. Their demand functions are QA = 5 – 0.25PA and QB = 15 – 0.5PB respectively. Explain the method to obtain the
(c) Draw the marginal social benefit curve for online magic show.
(d) If a magician produces magic show and broadcast online to both individuals at a constant marginal cost of $20, what is the market
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