Price per Ticket Quantity Demanded

$ $228,000$

$209,000$

$1810,000$

$1611,000$

$1412,000$

$1213,000$

Refer to the information about an upcoming concert of The Opportunity Costs, a hot new band. Assume the arena capacity is $11,000.$ If event organizers wanted a full house for the concert, they would

Multiple Choice

set ticket prices at $$18.$

set ticket prices at $$16.$

encourage scalpers to sell their tickets for at least $$20.$

set ticket prices at $$20.$