What is the pro?t-maximizing quantity of tickets

Reference no: EM133494655

Problem: Suppose a monopoly team faces a demand function for a sporting event ofP = 100 - Q. The associated marginal revenue function is MR = 100 - 2Q. If the marginal cost is 80, what is the pro?t-maximizing quantity of tickets that the monopoly sports team can sell and what is the price that the monopoly team can charge at the profit maximizing quantity of tickets?

Reference no: EM133494655

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