Assume that a professional franchise faces a downward sloping demand for game day attendance and that the team sells out every game. Assume that this team competes with several other entertainment alternatives for the consumer's dollar. Explain why this team will choose to pay all of a $t tax per ticket imposed by the government instead of passing the tax onto the consumer.

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The Answer of Assume that a professional franchise faces a downward sloping demand for game day attendance and that the team sells out every game. Assume that this team competes with several other entertainment alternatives for the consumer's dollar. Explain why this team will choose to pay all of a $t tax per ticket imposed by the government instead of passing the tax onto the consumer.

Assume That a Professional Franchise Faces a Downward Sloping Demand