June Neptune owns the property with the only swimming hole in the isolated town Lone Spring,...

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June Neptune owns the property with the only swimming hole in the isolated town Lone Spring, making her a monopoly supplier of outdoor swimming. The daily inverse demand curve for entry to the swimming hole is P = 10.05Q, where is the number of customers who seek entry at entry price P. Ms. Neptune's cost function is C (Q) = .075Q² If the Lone Spring town council decides that it wants to regulate the swimming hole entry price to maximize total surplus, what entry price should it set? P=0 P = 5 P = 7.50 P = 2.50 June Neptune owns the property with the only swimming hole in the isolated town Lone Spring, making her a monopoly supplier of outdoor swimming. The daily inverse demand curve for entry to the swimming hole is P = 10.05Q, where is the number of customers who seek entry at entry price P. Ms. Neptune's cost function is C (Q) = .075Q² If the Lone Spring town council decides that it wants to regulate the swimming hole entry price to maximize total surplus, what entry price should it set? P=0 P = 5 P = 7.50 P = 2.50

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ANSWER P0 100050 eo 00750 we know the op... View the full answer