In the Same Football Conference There Is Another University Where

question 24

Multiple Choice

In the same football conference there is another university where the demand for football tickets at each game is 60,000 - 8,000p.If the capacity of the stadium at that university is 40,000 seats, what is the revenue-maximizing price for this university to charge per ticket?

• A)$3.75
• B)$1.88
• C)$7.50
• D)$2.50
• E)$11.25

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