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You run Hiding Groundhog golf course at a Jersey Shore resort. At your resort, there are...

You run Hiding Groundhog golf course at a Jersey Shore resort. At your resort, there are two distinct groups of players. One group owns property at the resort and resides there most of the year. On average, each of these consumers has a monthly inverse demand for golf services of P = 100 − 0.5Q. The other group visits for one week at a time and has a total weekly demand curve of P = 40 − 0.1Q. What pricing strategy will maximize your profits? Hint: What are you assuming about the Marginal Cost of playing golf?

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