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Suppose that the demand curve for seats at the denver minor league baseball stadium is given as Qd = 6,000 – 200p. How many fans would attend a game if tickets were free and there was no limit on the number of fans permitted in the stadium? What is the lowest ticket price at which no fans would attend the game? If the stadium capacity is fixed at 4,000, what price would maximize revenue while ensuring a sellout? Assume they are not a monopoly. include a graph in answering the question

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91709903

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