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Opera in Maple Leaf Gardens, and its success. The visual improvements from year to year. The Business of Opera. The finances of the Metropolitan Opera Association. The lack of shame over the deficit. The speaker's belief that opera has no business being a business. What the speaker means by that. Illustrating how the Metropolitan's deficit is a small one. Some figures. Success in ticket sales. Why opera is a losing proposition. Income details. The answer that opera is a frightfully expensive commodity, always has been and, in the speaker's prediction, always will be. Some of the factors that make opera such a luxury item.