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profit maximizing franchise

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Question

profit maximizing franchise;Refer to the following graph to answer the two parts to this question. (10 points total);a) Assuming a profit maximizing franchise and zero marginal costs up to capacity;explain why this franchise will not seek to fill the stadium to capacity.;b) Assume the team hasn?t performed well lately, but that fans value team quality.;Without changing the capacity of the stadium, explain and draw in the graph;above what the franchise could do in regards to team quality to cause the;franchise to sell the stadium at capacity

 

Paper#31432 | Written in 18-Jul-2015

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