Suppose a monopoly team faces demand for a sporting event of Q  100  p. The associated marginal revenue function is MR  100  2Q. If marginal cost is zero, what are the optimal quantity (of tickets) and price per ticket? If fixed costs are $500, what would the level of profit be?

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The Answer of Suppose a monopoly team faces demand for a sporting event of Q  100  p. The associated marginal revenue function is MR  100  2Q. If marginal cost is zero, what are the optimal quantity (of tickets) and price per ticket? If fixed costs are $500, what would the level of profit be?

Suppose a Monopoly Team Faces Demand for a Sporting Event