Suppose Bang Bang is the only local swimming pool. She believes that there are 10 potential customers. Each of them has an identical demand function of Q I = 250 – 0.02P, with QI as the unit of...


Suppose Bang Bang is the only local swimming pool. She believes that there are 10 potential customers. Each of them has an
identical demand function
 of QI = 250 – 0.02P, with QI as the unit of services of each customer. She operates with a constant variable cost of $500 per unit of service.



If Bang Bang is a single price monopoly, calculate the price she should charge for her service. Show your calculations.



Jun 08, 2022
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