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The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers; die-hard fans and casual fans. For a particular WeR2Loud

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The concert promoters of a heavy-metal band, WeR2Loud, know that there are two types of concert-goers; die-hard fans and casual fans. For a particular WeR2Loud concert, there are 1000 die- hard fans who will pay $150 for a ticket and 500 casual fans who will pay $50 for a ticket. There are 1,500 seats at the concert venue. Suppose the cost of putting on the concert is $50,000, which includes the cost of the band, lighting, security, etc. How much profit will the concert promoters earn if they engage in price discrimination? $25,000 $100,000 O $125,000 O $150,000 O $175,000

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