Multiple Choice
Recall the Application about setting the price of tickets for Major League Baseball games to answer the following question(s) .
-According to the Application,Major League Baseball teams do not increase ticket prices despite experiencing a negative marginal revenue from ticket sales.Major League Baseball teams make up for the negative marginal revenue by
A) decreasing the number of tickets to be sold.
B) increasing the number of tickets to be sold.
C) selling concessions.
D) charging the league for lost revenue.
Correct Answer:
Verified
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