The average ticket prices for concerts held by six different artists in 2000-2001 are as follows

Artist Ticket price

Barbra Streisand $483.61

Luciano Pavarotti $105.78

The Eagles $89.22

Bruce Springsteen $65.20

George Strait $48.60

Phish $30.50

Given that the incremental costs (the cost needed for one more customer) of mounting a show are roughly the same for all performers, what do you think accounts for the wide variation in the average ticket price commanded by the artists? Do you believe that all of these artists are seeking to maximize expected revenue from their concerts? If not why not, and what might they be trying to do?