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The cost of a ticket to a hockey arena seating 800 people is $12.00. At this price every ticket is sold. A survey indicates that

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The cost of a ticket to a hockey arena seating 800 people is $12.00. At this price every ticket is sold. A survey indicates that if the price is increased, attendance will fall by 20 for every $0.50 increase. What is the maximum revenue and what ticket price results in the greatest revenue? [5 Marks]

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