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An online video streaming service (let's call it XYZ) estimates their average customer's weekly demand to be Q = 5 - P, where Q is
An online video streaming service (let's call it XYZ) estimates their average customer's weekly demand to be Q = 5 - P, where Q is the number of movies (or show episodes) watched per week and P is the price they are charged for each movie or episode. Note the equation above can be rewritten as P = 5 - Q, if so desired. The provider's marginal cost of each showing is $1.If the company decides to rely on the above demand estimate and develop an optimal two-part pricing strategy, what would it be? Explain each element carefully, including how you determined each of the parameters
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