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If the demand curve for the Kansas City Chiefs' tickets was Q= 500,000 - 200p and their marginal cost=0, then,
a. How many tickets would the team be able to sell (ignoring capacity constraints) if it behaved as if it were in a competitive market? MR=p=MC. 500,000 tickets would be sold.

Econometrics, Economics

  • Category:- Econometrics
  • Reference No.:- M9496930

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