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I'm not sure if I've done my solutions correctly Exercise 2. (6 marks) Little Italy has 100 consumers all of whom buy either one pizza
I'm not sure if I've done my solutions correctly
Exercise 2. (6 marks) Little Italy has 100 consumers all of whom buy either one pizza or nothing. Each consumer has a reservation price of $15. That is, each consumer is willing to pay at most $15 for a pizza. There are two pizza stores - A and B - located next to each other. It costs $7 to make a pizza. Let pa and pb denote the price charged by stores A and B respectively. For simplicity, assume Pi E {12,15} for both 1' : A, B (we omit the dollar signs for simplicity). If p,-Step by Step Solution
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