Question: 4.3 (5 points) What is the maximum amount that Phoenix Suns is willing to spend to maintain its monopoly position? Explain. 4.4 (5 points) Assume

4.3 (5 points) What is the maximum amount that Phoenix Suns

4.3 (5 points) What is the maximum amount that Phoenix Suns is willing to spend to maintain its monopoly position? Explain. 4.4 (5 points) Assume that the NBA allowed a second team to locate in Phoenix. What will happened to the demand curve? Will the new team make the optimal attendance increase or decrease when Phoenix Suns is maximizing profit? (Indicate the axes and curves)

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