Solved: Suppose that the demand curve for tickets to see a football, Microeconomics

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Suppose that the demand curve for tickets to see a football

suppose that the demand curve for tickets to see a football game is given by Q=100,000-100p and marginal cost is zero.

a. How many tickets would the team be able to sell if it behaved competitively and set p = MC?

b. How many tickets would it sell, and what price would it charge if it behaved like a monopoly?

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Microeconomics: Suppose that the demand curve for tickets to see a football

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Microeconomics: Suppose that the demand curve for tickets to see a football

Reference No:- TGS01225405

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