How many tickets would the team be able to sell

Reference no: EM132198935

Question: Suppose that the demand curve for tickets to see a football team is given by Q=100,000-100P and MC=0.

(a) How many tickets would the team be able to sell (ignoring capacity constraints) 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? (Hint: MR=1,000-0.02Q)

Reference no: EM132198935

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