Consider Cowboys Stadium, a large football stadium that can seat approximately 80,000 people (and hold over 100,000 people), located in Arlington, Texas. If the Super Bowl, the game that determines pro football's champion team for the year, is played in Cowboys Stadium, the quantity of parking spots demanded will far exceed capacity. On a typical game day in the regular season, the quantity of parking spots demanded will only slightly exceed capacity. For smaller events, less than half of the parking spots are typically filled. Assume the marginal cost of providing another parking spot, once the parking lot has already been built, is $0 up to capacity.
In the following table, match each event to the most likely pricing strategy per parking spot.
Pricing Strategy Regular Season Game Super Bowl Small Event
$180 per spot ? ? ?
$4 per spot ? ? ?
$60 per spot ? ? ?

180 dollar per spot is matched to the super bowl

4 dollar per spot is matched to small events

60 dollars per spot is matches to regular season game

Explanation:

the principle used in answering this question is that greater demand increases price. so large events would have greater demands for parking sots and hence reduced supply and greater prices.

first of all for the super bowl season the demands for parking spots are high, so that the demands are higher than the supply, so price should be highest here at $180 per spot.

secondly, for small events, the question says that less than half of the parking spots are filled, this means that the demand for parking spots is lower than the supply , so the price would be cheaper and therefore the lowest. The appropriate price would be $4 per spot.

lastly for regular season events, quantity demanded is only a little more than supply. they are almost equal. so the price should be the 60 dollars per spot as it is the second highest amount for the parking spots.

answerorganizational language;

answerthe above statement is false;