Question: 4. Consider a golf course where each golfer has an identical annual demand function: p = 200-40 , where p is price per round and

4. Consider a golf course where each golfer has an identical annual demand function: p = 200-40 , where p is price per round and Q is rounds per year. Further more, MC = 8 with no fixed cost. a. What is the profit maximizing single price and output the course should charge each golfer? What is the profit per golfer? b. Show that the monopolist can make more profit using a two-part tariff with p = MC. What is the fixed fee and profit per golfer

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