At Chez Panisse, a restaurant in Berkeley, reservations are essential. At Aladdins Cave, a restaurant near the

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At Chez Panisse, a restaurant in Berkeley, reservations are essential. At Aladdin’s Cave, a restaurant near the University of California San Diego, reservations are recommended. At Eli Cannon’s, a restaurant in Middletown, Connecticut, reservations are not accepted.

Describe the method of allocating scarce table resources at these three restaurants. Why do you think restaurants don’t use the market price to allocate their tables?

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Microeconomics

ISBN: 9780134744476

13th Edition

Authors: Michael Parkin

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