The owners of the Tampa Bay Buccaneers have seen demand for season tickets decline steadily, probably because the team’s performance is ranked near the bottom of 32 teams in the National Football...

The owners of the Tampa Bay Buccaneers have seen demand for season tickets decline steadily, probably because the team’s performance is ranked near the bottom of 32 teams in the National Football League. The team owners are now considering a decrease in season ticket prices. Using graphical analysis, show that when demand decreases for a monopolist, price must be cut to maximize profit.