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Author Question: Each identical consumer has the following demand for golf, q = 100 - p, where q is the number of ... (Read 18 times)

dbose

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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?
 
  What will be an ideal response?

Question 2

What is the counter-intuitive solution to a mixed strategy?
 
  A) Player A makes Player B indifferent between its strategy choices.
  B) Player A makes itself indifferent between its strategy choices.
  C) Player A changes the rules of the game.
  D) There are no mixed strategies in most games.


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frre432

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dbose

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review


pratush dev

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Reply 3 on: Yesterday
:D TYSM

 

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