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With reference to The Parable of the Seaside Inn, answer the following questions: Why do some resort hotels stay open during the off-season when the
With reference to "The Parable of the Seaside Inn", answer the following questions: Why do some resort hotels stay open during the off-season when the bargain rates they charge do not cover their full costs? Why do some resort hotels fall into disrepair even when they can attract enough customers to stay in business? What will be the long run outcome for the hotel described in part b, if too few customers are attracted during
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