You own a theater with 200 seats. The demand for seats is Q = 300 -100P. You are charging $1.25

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You own a theater with 200 seats. The demand for seats is Q = 300 -100P. You are charging $1.25 per ticket and selling 175 seats. Your costs are fixed and do not depend on the number of people attending. Should you cut your price to fill the theater?

 

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You own a theater with 200 seats. The demand for seats is Q = 300 -100P. You are charging $1.25
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