What is their optimal ticket price


Problem

A team faces a demand curve of Q = 65000 - 10000*P, where Q is the quantity of tickets sold, and P is the price, in dollars. The marginal cost, per ticket sold, is $4, and the team earns concession revenue of $6 per ticket sold. The team has no other revenue or capacity constraints. If the team is maximizing profits, what is their optimal ticket price?

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Microeconomics: What is their optimal ticket price
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