Consider the movie ticket and popcorn example discussed in Section 17.7. If the marginal cost of popcorn

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Consider the movie ticket and popcorn example discussed in Section 17.7. If the marginal cost of popcorn is instead $1 per bag, what is the profit-maximizing price of a movie ticket? Explain intuitively why this profit-maximizing price is different from the price-maximizing price in Section 17.7.
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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