Question: The average ticket price for a concert at the opera house was $50. The average attendance was 4000. When the ticket price was raised to

The average ticket price for a concert at the opera house was $50. The average attendance was 4000. When the ticket price was raised to $52, attendance declined to an average of 3800 persons per performance. What should the ticket price be to maximize the revenue for the opera house? (Assume a linear demand curve.)

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