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A university hires you to advise them on how to maximise the revenue they raise from staff parking fees. You know that the staff demand
A university hires you to advise them on how to maximise the revenue they raise from staff parking fees. You know that the staff demand for parking is:X= 2,000 -2p, whereX: number of staff buying annual parking,p: annual parking fee. To maximise revenue, the university should set the fee at:
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