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Hi. This is Econ 393 from waterloo. They need 10 characters 2. The Hamilton Tiger Cats have a football stadium that can seat 30,000 people.

Hi. This is Econ 393 from waterloo. They need 10 characters

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2. The Hamilton Tiger Cats have a football stadium that can seat 30,000 people. For a regular home game the club maximizes prots by charging 30 dollars per ticket and selling 18 thousand tickets. Assume all seats are equally desirable, the marginal cost of seating another fan at the game is zero and the market demand for tickets sold in Hamilton is linear. (i) (4 marks) What is the equation for the market demand for tickets to a Tiger Cat game? (ii) (6 marks) Suppose the Tiger Cats have a playoff game at home against the Montreal Alouettes next November. Further, assume the market demand in Hamilton is the same for playoff game as it is for a regular season game, the Tiger Cats can sell an unlimited number of seats in Montreal at 30 dollars per seat, and tickets purchased in Montreal cannot be resold in Hamilton. To maximize Tiger Cat prots: how many tickets should be sold in Hamilton, how many tickets should be sold in Montreal, and what price should be charged to fans in Hamilton

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