Based on the Mini-Case \"Timing Radio Ads,\" would competing radio stations bene

Question

Based on the Mini-Case "Timing Radio Ads," would competing radio stations benefit from applying the Pareto Principle (even if they do not use that term) in deciding on timing for radio ads? Using the Pareto Principle when setting advertisement times would O A. O B. benefit the stations by increasing the well-being of their listeners. benefit the stations by increasing each station's revenues at the expense of rivals. OC. harm the stations by preventing collusion. O D. benefit the stations by increasing each station's advertising revenues jointly 0 E. harm the stations by increasing industry competition

Explanation / Answer

d, benefit the stations by increasing each station's advertising revenes jointly

Pareto principles states that is we can increase welfare of someone without reducing the welfare of others then we have pareto improvement . So if stations can resolve the issue ambically then joint profits of everyone will increase without making anyone worse off.

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