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Unique outdoor adventure activity

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You are the manager of 'Go Ape', a unique outdoor adventure activity. Since the experience is unique, it is a firm with monopoly pricing power. A typical consumer's demand curve is Q = 10 - 0.1P. All of your costs are fixed. If you only want to charge the profit maximizing single price per visit, what price should you charge to maximize profits?

Reference no: EM131721162

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