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5. Return to Main Street in Tuftsville. Now sup- pose that George would like to open another store at the midpoint of Main Street. He
5. Return to Main Street in Tuftsville. Now sup- pose that George would like to open another store at the midpoint of Main Street. He must pay Tuftsville an addional $250 per day to operate this new store.If Ben and Will do not change their prices, what is the best price for George to charge? How much profit would he earn? 2. a. Chapter 10, p. 262, Question 5 part a. Assume the information from Question 4 for this answer. Assume Ben and Will set a price of $11. b. What are Ben or Will's profits if George indeed opens his store and charges the price in (a)
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