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Recreation demand at Mud Lake. Mud Lake is a recreation site that does not have an entrance fee. Suppose that recreation demand for Mud Lake
Recreation demand at Mud Lake. Mud Lake is a recreation site that does not have an entrance fee. Suppose that recreation demand for Mud Lake was estimated using the travel cost method. The inverse demand was found to be P=80.5Q when water clarity is at a baseline (i.e., current level) of C0. It has also been determined that if water quality improved to C1 that inverse demand would be P=120.5
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