Business, 16.06.2021 14:00 steffweikeloyrt00

Would you please help me ? Thanks in advance You have four essentially identical extra tickets to the Midwest Regional Sweet 16 game in the men’s basketball tournament. The table shows the willingness to pay of the four potential buyers in the market for a ticket to the game.

Buyer Willingness to Pay
Michael $500
Earvin $400
Larry $350
Charles $300

1. If you offer to sell the tickets for $300, who will purchase the good?
a. Michael only
b. Michael and Earvin only
c. Earvin only
d. The four buyers will purchase the good.

Answers: 1

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Would you please help me ? Thanks in advance You have four essentially identical extra tickets to t...

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