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Suppose the demand and marginal cost at a local golf course is given by: P = 200 - 4Q MC = $8. Assume there are

Suppose the demand and marginal cost at a local golf course is given by:

P = 200 - 4Q

MC = $8.

Assume there are no fixed costs and that the above demand and marginal cost are identical for each golfer.

a. If the golf course uses a two-part tariff (price and a fixed fee) what is the optimal price and fixed fee? What is the golf course's profit?

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