For each of the following examples, explain how and why a monopoly would try to price discriminate.
Question:
a. Air transport for businesspeople and tourists
b. Serving food on weekdays to businesspeople and retired people.
c. A theater that shows the same movie to large families and to individuals and couples.
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a A monopoly firm discriminates price for maximizing the profitability The profit maximization is th...View the full answer
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