Arock-climbing school faces two demand curves. the demand by local residents is q = 400 – 0.5p, and the demand by others is q = 500 – 0.5p. the marginal cost of serving either local or nonlocal residents is constant at $100. if the rock-climbing school cannot practice third-degree price discrimination and must charge a single price to all customers, it will charge: $375. $400. $800. $500.
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Arock-climbing school faces two demand curves. the demand by local residents is q = 400 – 0.5p, and...
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