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Merlyn Productions Theatre Company produces theatrical performances in the city of Winnipeg. Merlyn company, proposes a new neighbourhood theatre in the city of Winnipeg, The
Merlyn Productions Theatre Company produces theatrical performances in the city of Winnipeg. Merlyn company, proposes a new neighbourhood theatre in the city of Winnipeg, The government needs to approve the building permit, so it conducts a research study to evaluate the theatre's impact on the surrounding community. The results show the following results: the theatres attract traffic, and the cost to the community from the extra traffic is estimated at $5 per ticket. the increased foot traffic improves the safety of the surrounding streets, with an estimated benefit to the community of $2 per ticket. Illustrate (with graph + words) the market for the theatre tickets for the case presented above and describe government policies that would result in an efficient outcome. Explain thoroughly with words + graph
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