The Fill-in-the-Blank State University women's basketball team plays its games in the same facility as the men's team. The seating capacity is the same for each. A profit maximizing university would
A. set ticket prices based on the quantity where MC=MR but to average that price for men and women and charge the same.
B. set ticket prices based on the quantity where MC=MR so that the profit to each is maximized.
C. set ticket prices based on the quantity where MC=MR for the men and give the tickets to the women's games away.
D. set identical ticket prices for men's and women's teams based on what would sell out every game.
Answer: B
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