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2. A private-garage owner has identied two distinct market segments: short-term parkers (S) and all- dav parkers (A) with respective demand curves of P3 =

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2. A private-garage owner has identied two distinct market segments: short-term parkers (S) and all- dav parkers (A) with respective demand curves of P3 = 3 (Q5000) and PA = 2 (omen). Here P is the average hourly rate and Q is the number of cars parked at this price. The garage owner is considering charging different prices (on a per-hour basis) for short-term parking and all-d213,.r parking. The capacity of the garage is cars, and the cost associated with adding extra cars in the garage (up to this limit) is negligible. a. Given these facts, what is the owner's appropriate objective? How can he ensure that members of each market segment effectivelyr pay a different hourlyr price? I}. What price should he charge for each type of parker? How man];r of each type of parker will use the garage at these prices? Will the garage be full? c. Answer the questions in part b assuming the garage capacity is 400 cars

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