Multiple Choice
Cable television is regulated because of its monopolistic cost structure. Baseball and basketball games, which also have monopolistic cost structures, are unregulated. What do these activities (watching TV and going to the ball park or stadium) not have in common?
A) being a leisure activity
B) being a luxury
C) entertainment value
D) large-scale public consumption
E) industry trade groups
Correct Answer:
Verified
Correct Answer:
Verified
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