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In western Texas, in a small town called Shallowater, just nothwest of Lubbock, two stores sell tires, Store FlatsAreUs and Store We'reNotGood.Both have zero cost
In western Texas, in a small town called Shallowater, just nothwest of Lubbock, two stores sell tires, Store FlatsAreUs and Store We'reNotGood.Both have zero cost because they just cheat customers.Demand for tires in the town is Q = 550 - P, where P is price.Say that We'reNotGood produces Q = 110.If FlatsAreUs is trying to maximize revenue, then the store's optimal choice for Q would be _____ and they would then earn revenue _____.
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