Explain with a graph how a ticket price ceiling placed on a, Business Economics

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Explain with a graph how a ticket price ceiling placed on a

Explain with a graph how a ticket price ceiling placed on a monopoly sports franchise that does not sell out its games may actually lower ticket prices and raise attendance. Assume that marginal costs are fixed. Do you support legislation that would place a ticket price ceiling on Orioles tickets? Explain your answer.

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Business Economics: Explain with a graph how a ticket price ceiling placed on a

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