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Consumer surplus of season football tickets

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A typical university football programs requires alumni to join one of several booster club (each club gets seats in different parts of the stadium) before the person can buy season tickets. What has this got to do with consumer surplus?

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Solution Summary

Consumer surplus for season football tickets are determined.

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Consumer surplus is the area between the demand curve and the equilibrium price level. Suppliers try to tap into consumer surplus so that they can ...

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