1. Write a short response of your impressions, thoughts, and/or opinions on the following clip:

https://www.youtube.com/watch?v=q6fl0MrUCco

2. Suppose that the demand curve for tickets to see a football team is given byQ= 100,000 100pand marginal cost is zero.

1. How many tickets would the team be able to sell (ignoring capacity constraints) if it behaved competitively and setp=MC?
2. How many tickets would it selland what price would it chargeif it behaved like a monopoly? (Hint:In this case the marginal revenue curve is given byMR= 1,000-.02Q.)

3. Suppose that Mahesh is a typical Buffalo Bills fan, and his demand curve for Bills football games is:P= 120 - 10G whereGis the number of games the fan attends.

1. If the Bills want to sell him a ticket to all eight home games, what price must they charge? What are their revenues?
2. Suppose that there are 30,000 Bills fans with demand equivalent to Mahesh's. What would total revenue be at a price that sells all eight games to every fan? How would your answer change if, instead of charging a single price, the Bills perfectly price discriminate and charge the maximum that each fan would pay for the first game, second game, and so on through game eight