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Determine the optimal uniform price for Drumpf to charge for a round of golf. Compare the welfare of golfers and Drumpf in this situation compared
Determine the optimal uniform price for Drumpf to charge for a round of golf. Compare the welfare of golfers and Drumpf in this situation compared to what would have been the case if the price had been set equal to the marginal cost (and the xed cost had been covered by a subsidy from the Distopian Government). What is the deadweight loss that arises from Drumpf employing monopoly uniform pricing instead of having marginal-cost pricing
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