A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $11 the average attendence has
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A baseball team plays in a stadium that holds 70000 spectators. With the ticket price at $11 the average attendence has
A baseball team plays in a stadium that holds 70000 spectators.With the ticket price at $11 the average attendence has been 28000.When the price dropped to $8, the average attendence rose to 35000.Assume that attendence is linearly related to ticket price.What ticket price would maximize revenue?
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