(7)Your esteemed professor is a St. Louis Cardinal baseball fan.The Cardinals routinely enjoy paid attendance in range of 3.1 million annually.Their ballpark, however, seats about 44,600 and in a non-COVID season the Cardinals play 81 homes games.So, their potential attendance is 44,600 x 81 = 3.6 million.The Cardinal always fall short of this. With this as background, answer both parts (a) and (b).

(a)"The 500,000 unsold tickets (seats) demonstrate that the Cardinal management is mixed up and should take Econ 301.They could have lowered their prices, sold out all the games, and earned more profit."Do you agree or disagree?Explain.

(b)"The Cardinals could have increased their profit by raising the price on the tickets to the key games as the pennant race developed.But, like promoters who present concerts, he didn't know what the demand for a game would be ahead of time and so were stuck with the price they had set months previous."Can you suggest any ways the Cardinals could get around this problem, or at least diminish it, and thereby increase their profit?