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Suppose the typical Patriots fan has the following demand curve for Pats football games: P=260-20G where...

Suppose the typical Patriots fan has the following demand curve for Pats football games: P=260-20G where G is the number of games the fans attends.

a. If the Pats want to sell the fan a ticket to all eight home games, what price must they charge? What are their revenues? Show your work.

b. Suppose the Pats have the chance to offer a season ticket that is good for all eight home games, a partial season ticket that is good for four home games, and tickets to individual games. What price should they charge? What is their revenue? Show your work.

c. Suppose the New York Jets have fans who are much more sensitive to price than the fans in New England as described in the previous question. Their demand curve for football games is: P=260- 18G. What is true about the prices they are able to charge and their revenue if they try to practice second-degree price discrimination as the Pats did? Why does this happen? Show your work.

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