The Fill-in-the-Blank State University women's basketball team plays its games in the same facility as the men's team. The seating capacity is therefore the same for each. A profit maximizing university would

Question

Quizplus · Accepted Answer

The correct answer is B because in profit maximization, the goal is to set prices where marginal cost (MC) equals marginal revenue (MR) for each product or service. This principle applies to ticket pricing for both men's and women's basketball games, ensuring that profits are maximized for each team independently.

The Fill-In-The-Blank State University Women's Basketball Team Plays Its Games