Suppose the red sox can segment their fans into young fans, Ask an Expert

Economics

Suppose the Red Sox can segment their fans into young fans and senior citizens. Young fans have the demand curve p = 120-10G (MR = 120 – 20G). Senior citizens have the demand curve p = 60 – 10G (MR = 60 – 20G). Assume that MC = 0. What are the equilibrium price and quantity for young fans? What are the equilibrium price and quantity for senior citizens? How much additional revenue will the Red Sox generate by such segmentation if we assume that 50% of the population are young fans and 50% of the population are senior citizens?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91297926

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