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A profit-maximizing movie theater has introduced a 20% discount for seniors. According to the models discussed in class, which of the following is most likely

A profit-maximizing movie theater has introduced a 20% discount for seniors. According to the models discussed in class, which of the following is most likely to explain this decision? Volume pricing Movie tickets are an inferior good O The theater owner thinks it is fair for old people to pay less Price discrimination, because the price elasticity of seniors is lower Price discrimination, because the price elasticity of seniors is higher

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