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With a masthead ad, an advertiser can reserve:
A) YouTube search page
B) Specific channels
C) Specific videos
D) The YouTube homepage
Explanations:
The YouTube Masthead is a customizable 970x250 ad that runs on the top of the desktop YouTube homepage for 24 hours.
Masthead ads are reservation based ads. You can run ads on the YouTube homepage.
Read more here: https://support.google.com/partners/answer/6030919?hl=en