If the popular television show The Bachelor is shown on pay-per-view television every Monday at 9pm, then the demand curve for each episode is given below. 
If the regulated pay-per-view charge were $30 per household, what would be the loss in total economic surplus relative to when there is no charge to watch an episode?
A) $4,000 million
B) $2,000 million
C) $1,280 million
D) $720 million
Correct Answer:
Verified
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