Question: Question 32 (2 points) Saved [2 points] Suppose that the Kitchener Rangers OHL hockey team has monopoly power over the live attendance market for hockey

Question 32 (2 points) Saved [2 points] Suppose that the Kitchener Rangers OHL hockey team has monopoly power over the live attendance market for hockey in Kitchener-Waterloo. Further suppose that they can distinguish their fan demands into two groups; adult demand, and student demand as follows: Adult demand l12,000 - 60 PA so that, MR. - 200 RA 30 Student demand Qs = 4500 - SOP so that MR, - 90 - Also, the Kitchener Rangers have a ticket printing company "Big V Printing that provides them with tickets for free. Therefore, MC. $0. Assume for this question that the Kitchener Memorial Auditorium has unlimited seating for ice hockey Calculate the maximum total revenue that the Rangers get from this game given the Information in the question. $0

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