Question: Pricing Monopoly Variable ticket pricing is widely used in the EPL. There are two upcoming matches for an EPL team, one is a low demand

 Pricing Monopoly Variable ticket pricing is widely used in the EPL.

Pricing Monopoly Variable ticket pricing is widely used in the EPL. There are two upcoming matches for an EPL team, one is a low demand game and the other a high demand game. Suppose for both games, the EPL team can charge a low price of 70, an intermediate price of 80 and a high price of 90. Given the total attendance for both games for the low price would be 60,000;55,000 for the intermediate price and 50,000 for the high price. Show that if the EPL team practice variable pricing with price set at 70 for the low demand game with attendance of 25,000 and 90 for a high demand game with an attendance of 35,000, revenue would be maximized

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