The average ticket prices for concerts held by six different artists in 2018 were as follows:8 Artist Ticket price Bruno Mars $176.67 The Eagles $159.10 The Rolling Stones $155.26 Jay Z/Beyoncé $111.42 Guns N’ Roses $96.46 Kenny Chesney $87.21 Dead and Company $30.50 Given that the incremental costs of mounting a show are roughly the same for all performers, what do you think accounts for the wide variation in the average ticket price commanded by the artists? Do you believe that all of these artists are seeking to maximize expected revenue from their concerts? If not, why not, and what might they be trying to do?

During this same period, the average ticket price to see Springsteen on Broadway, in which Bruce Springsteen performed alone in a Broadway theater, was $508.66. Why do you think this price is so much higher than the other ticket prices listed?