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When a TV company offers pay-per-view, explain which of the following statements are true: a.The outcome is socially efficient. b.The programs selected will maximize advertising

When a TV company offers pay-per-view, explain which of the following statements are true:

a.The outcome is socially efficient.

b.The programs selected will maximize advertising revenue.

c.The marginal costs to an additional viewer of watching the programs is lower than when advertising is used to finance programming

d.The outcome is always more socially efficient than when advertising is used to finance programming.

e.The variety of programs is likely to rise.

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