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Author Question: For a theme park a two-tier tariff can include a positive admission price and a zero per-ride fee. ... (Read 67 times)

809779

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on: Jul 1, 2018
For a theme park a two-tier tariff can include a positive admission price and a zero per-ride fee.
 
  What will be an ideal response?

Question 2

Which of the following is LEAST likely characterized by mixed strategies?
 
  A) the choice of whether to go to war or not
  B) the choice of which pitch to throw in baseball
  C) the choice of which play to run in football
  D) the choice of where to kick a soccer penalty shot
Microeconomics ¦ Perloff ¦ 8th Edition
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Hikerman221

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Reply #1 on: Jul 1, 2018
Answer to Question 1

True. Both fees do not have to be positive. The firm will choose the combination of fee and per-ride price that maximizes profits.

Answer to Question 2

A


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809779

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Reply #2 on: Jul 1, 2018
Thank you


Hikerman221

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Reply #3 on: Jul 1, 2018
No problemo


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