3.6 Your college is considering renting space in the student union to one or two commercial textbook
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3.6 Your college is considering renting space in the student union to one or two commercial textbook stores.
The rent the college can charge per square foot of space depends on the profit (before rent) of the firms and hence on whether there is a monopoly or a duopoly.
Which number of stores is better for the college in terms of rent? Which is better for students? Why?
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