A sellout that is profit maximizing, results from the promoter

Question

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A sellout that is profit maximizing occurs when the promoter sets a price that is the highest possible price that still sells out the facility. This means that the promoter is able to capture the maximum amount of revenue from each ticket sold, resulting in the highest profit possible for the event. Setting a price that is too low would result in the promoter leaving money on the table, while setting a price that is too high could result in unsold tickets and decreased revenue.

A Sellout That Is Profit Maximizing, Results from the Promoter