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Aliun [14]
3 years ago
12

The NFL often sets their ticket prices below the equilibrium price. The NFL is setting a ______ that will create a ______.

Business
1 answer:
PilotLPTM [1.2K]3 years ago
7 0
The answer is  <span>Price ceiling, shortage
Price celing will set up a certain number where the maximum price of a certain product could be sold.
By setting price ceiling, the price will appear more acceptable among buyers which caused a massive demand and will eventually lead to shortage.
</span>
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Answer:

B) $125,000

Explanation:

Price discrimination strategy refers to charging each customer the maximum amount of money he/she is willing to pay for a product.

In this case, the concert promoters should charge $150 per ticket to 1,000 die hard fans  = $150,000 in revenue.

Then it should charge only $50 per ticket to 500 casual fans = $25,000 in revenue.

Total revenue             = $150,000 + $25,000 = $175,000

<u>minus total costs        = ($50,000)    </u>

Net income                 = $125,000

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Answer:

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Explanation:

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