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Illustrate why charging a higher price, p, than the price that causes the concert to sell out, p,, increases profit. For simplicity, assume that the
Illustrate why charging a higher price, p, than the price that causes the concert to sell out, p,, increases profit. For simplicity, assume that the marginal cost of sell ing tickets is constant at m until the stadium's capacity is reached, and that fixed cost is zero. Explain why setting a price high enough that the show does not sell out increases profit
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