Suppose that the demand curve for tickets to see a football team is given by Q = 100,000 — 100p and marginal cost is zero.

a. How many tickets would the team be able to sell (ignoring capacity constraints) if it behaved competitively and set p = MC?

b. How many tickets would it sell—and what price would it charge—if it behaved like a monopoly? (In this case the marginal revenue curve is given by MR = 1,000 — 0.02Q.)