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How much should the country club charge

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Question - A country club estimates the typical golfer's (inverse) annual demand to play a 9-hole round is P = 1,450 - 80Q, where Q is the number of 9-hole rounds played per year. They also estimate their marginal cost is $10 per player per 9-hole round. How much should the country club charge for (1) an annual membership and (2) each round of golf in order to extract all consumer surplus via an optimal two-part pricing strategy?

Reference no: EM133125814

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