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You are the owner of the only tennis club in an isolated wealthy community. There are two types of tennis players. Serious players have demand:1=
You are the owner of the only tennis club in an isolated wealthy community. There are two types of tennis players. "Serious" players have demand:1= 10 . Thereare also "occasional players" with demand:2= 4 0.5. Q is in court hours per week and P is the fee in per hour for each individual player. Marginal cost of court time is 2 per hour.
- If you can distinguish between serious and occasional players, which two packages, consisting of weekly membership dues and court fees, will you offer?
- Now if you can'tdistinguish between the two types of players, will both packages be on the market? Explain.
- If you can't distinguish between the two types of players, which twopackages should you offer so that both are on the market?
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