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Tickets are priced at market equilibrium

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Goliath State University (GSU) has a football stadium that seats a maximum of 80,000 fansand is sold out for every home game. The price of a ticket to attend a GSU football game is$40 and the most that anyone would ever pay for a ticket is $300. Assume that tickets are priced at market equilibrium.

Reference no: EM131224693

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