Okay, so it means that you have to decide if it is an appropriate to compare Lance Morrow's life as a celebrity, to a "faustian bargain", by the information you got from reading about the play.
If you agree (that it is an appropriate comparison), what events in the play relates to the life of a celebrity?
If you disagree, what about the play does not apply?
Your final answer needs to be 10 to 12 sentences long. Make sure to start with a topic sentence, and then use specific evidence from the text/texts to support your answer (what you said in your answer).
Here are some definitions that might help if there were some words you didn't understand:
Topic sentence = A sentence that tells you/expresses the main idea of the paragraph
Appropriate to compare = If it is okay to compare; a good comparison
Hope it helped! :D