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Assume the team wants to maximize revenue

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Reference no: EM131654602

You have been tasked with estimating the demand function of ticket sales for a sports team. You found a demand function Pt = 3000 - 2Qt

(a) Draw the demand function

(b) Find and draw the Marginal Revenue function

(c) Assume the team wants to maximize revenue, what price should they charge for a ticket?

Reference no: EM131654602

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