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1.Suppose that the total monthly demand for golf services is given by Q=20 - P The marginal cost to the firm of each golfer is
1.Suppose that the total monthly demand for golf services is given by
Q=20 - P
The marginal cost to the firm of each golfer is $1.If this demand function is based on the individual demands of 10 golfers, what is the optimal two part pricing strategy for this golf club?How much profit will the firm earn?When should this firm adopt this particular pricing strategy?
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