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(5) (3 pts) See Figures 3 and 4 below. Little Pinehurst Miniature Golf has two types of cus- tomers: infrequent players and frequent players. Using

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(5) (3 pts) See Figures 3 and 4 below. Little Pinehurst Miniature Golf has two types of cus- tomers: infrequent players and frequent players. Using a strategy of indirect price discrim ination, Little Pinehurst offers customers the choice of paying $15 per round of miniature golf or $12 per round for a package of 16 rounds. Which of the following statements is TRUE? Infrequent Miniature Golfers Price (S)| 10- 30- 20 2 456 8 10 12 14 16 18 20 22 Quantity Figure 3 Frequent Miniature Golfers Price (S) | 40 30- 20- 12 10 2 4 6 8 10 12 14 16 18 20 22 Quantity Figure 4 (a) The pricing scheme is incentive-compatible for frequent players but is not incentive- compatible for infrequent players. (b) The pricing scheme is incentive-compatible for infrequent players but is not incentive- compatible for frequent players. (c) The pricing scheme is incentive-compatible for both groups of players. (d) The pricing scheme is not incentive-compatible for either group of players

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