Suppose a city has a chain of fitness centers (gyms)all owned by the same company, Fit Fun. A newcompany is considering opening a gym in the city.Give an example of an aggressive tactic Fit Funmight take to maintain its monopoly.

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A: Marginal revenue depicts the extra complete revenue created by expanding item deals by 1 unit.

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A: Hi Student, thanks for posting the question. As per the guideline, we are providing answer for the…

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A: * SOLUTION :-    From the given information the calculation is given below as ,

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