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Each Identical Consumer Has the Following Demand for Golf,q =

Question 109

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Each identical consumer has the following demand for golf,q = 100 - p,where q is the number of rounds of golf played per year and p is the price per round.The only golf course in an isolated town incurs a marginal cost of $10 per round of golf.It wishes to charge a membership fee and a fee per round of golf.What price will it set for each fee?

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At a price of $10,consumer sur...

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