professional sports teams

Many country clubs and professional sports teams use a creative pricing

strategy for memberships in the case of country clubs or seating in the

case of professional sports. For example, the Country Club of York, in

York, PA, charges members a one-time initiation fee of $22,500 and then

charges monthly dues of $400. For top of the line season tickets at

M&T Bank Stadium, the Baltimore Ravens charge fans a one-time fee of

$8,000 for a personal seat license and then $1,250 per game. How do

pricing structures like these relate to the concept of consumer surplus?

"Is this question part of your assignment? We can help"