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An amusement park has estimated the following demand equation for the average park guest Q = 16 - 2P Where Q represents the number of

An amusement park has estimated the following demand equation for the average park guest Q = 16 - 2P

Where Q represents the number of riders and P the price per ride.

The total cost of providing rides to a guest is TC = 2 + 0.5Q

If a two-part tariff policy is used, what admission fee should the park charge to maximize its profit?

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