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At a Large Institution of Higher Learning, the Demand for Football

Question 39

Multiple Choice

At a large institution of higher learning, the demand for football tickets at each game is 100,000 - 6,000p. If the capacity of the stadium at that university is 60,000 seats, what is the revenue maximizing price for this university to charge per ticket?


A) $16.67
B) $8.33
C) $6.67
D) $4.17
E) $25

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