If a firm that makes $100 profit per pair of shoes pays LeBron James $2,000,000 to endorse their basketball shoes, then to make the endorsement pay off they must sell at least:
A. $2,000,000 more in shoes.
B. $20,000 more in shoes.
C. 20,000 more pairs of shoes.
D. 200,000 more pairs of shoes.
Answer: C
Economics
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