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Suppose you are the manager of a golf club with monopoly power. a typical consumer's inverse demand function for your firm's product is P=100-20Q, and your cost function is C(Q)=20Q. a. If you apply a two-part pricing strategy, how much would be the membership fee and the per unity price? b.How much additional profit do you earn using a two-part pricing strategy compared with single price strategy?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867513

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