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Question: Suppose a monopolistic golf club serves two types of members in the same size: Type-l members' de...

Show transcribed image text Suppose a monopolistic golf club serves two types of members in the same size: Type-l members' demand is p_1 = 100 – q_1, and type-2 members' demand is p_2 = 50 – q_2. The club's marginal cost to serve one member is 10. If the club uses a two-part tariff policy to charge a fixed membership fee plus a greens fee per round, what will be the membership fee? How much will be the greens fee? What is the club's profit?

Suppose a monopolistic golf club serves two types of members in the same size: Type-l members' demand is p_1 = 100 – q_1, and type-2 members' demand is p_2 = 50 – q_2. The club's marginal cost to serve one member is 10. If the club uses a two-part tariff policy to charge a fixed membership fee plus a greens fee per round, what will be the membership fee? How much will be the greens fee? What is the club's profit?