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Mathematics, 08.04.2021 17:40 jadeochoa4466
In a tourist town, there are two bars. Each one of two bars charges its own price for a beer, either $2, $4, or $5. The cost of obtaining and serving the beer can be neglected. It is expected that 6000 beers per month are drunk in a bar by tourists, who choose one of the two bars randomly, and 4000 beers per month are drunk by natives who go to the bar with the lowest price, and split evenly in case both bars offer the same price. What prices would the bars select
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In a tourist town, there are two bars. Each one of two bars charges its own price for a beer, either...
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