If the industry were perfectly competitive, then the market price would be . rev: 05_15_2018 Multiple Choice $20, which is lower than what the price would have been if the industry were a pure monopoly $20, which is higher than what the price would have been if the industry were a pure monopoly $25, which is lower than what the price would have been if the industry were a pure monopoly $25, which is higher than what the price would have been if the industry were a pure monopoly

Atennis club charges a monthly membership fee of $150 and charges it members $10 per hour to use a court. there's also $500 fee to become a member. stella joined the tennis club last spring, and she has been a member for 5 months. she has been playing 10 hours of tennis each month. stella values an hour of her time at $20. during a boring afternoon meeting, stella thinks about reserving a court to work on her serve for an hour tonight. what's stella's opportunity cost of working on her serve for an hour?