As a manager of a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on weekends than during the week. You therefore conducted a study that has revealed two different demand curves at your movie theaters. On weekends, the inverse demand function is P=20 - 0.001Q; on weekdays, itis P=15 0.002Q You acquire legal rights from movie producers to show their films at a cost of $25.000 per movie, plus a $2.50 \"royalty\" for each moviegoer entering your theaters (the average moviegoer in your market watches a movie only once). What type of pricing strategy should you consider in this case? Block pricing Third degree price discrimination Second degree price discrimination First degree price discrimination What price should you charge on weekends? Instructions: Enter your response rounded to two decimal places. $[999] 0 What price should you charge on weekdays? Instructions: Enter your response rounded to two decimal places. s [145] Based on the best available econometric estimates, the market elasticity of demand for your firm's product is =2.5. The marginal cost of producing the product is constant at $200, while average total cost at current production levels is $240. Determine your optimal per unit price if: Instructions: Enter your responses rounded to two decimal places. a. you are a monopolist. L] b. you compete against one other firm in a Cournot oligopoly. L] c. you compete against 19 other firms in a Cournot oligopoly. L]