What are the price and quantity of participants

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The inverse demand curve for classes at a health club is P=11-0.5Q. The marginal cost of each participant in a class is $3.

a. What are the price and quantity of participants in classes if the health club uses monopoly pricing?

b. What are the price per participant, the quantity of participants and the fixed fee is the health club uses two-part pricing?

Reference no: EM132812852

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