Ch11Q10

As a manager of a chain of movie theaters that are monopolies in their respective markets, you have noticed much higher demand on theaters. On weekendh, the inverse demand function is P=300.002Q, on weekdays, it is P=240.002Q. You acquire legal rights from movie producers to show theit flims at a cost of $35,000 per movie, plus a $3.50 "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? First degree price discrimination Block pricing Third degree price discrimination second degree price discrimination First degree price discrimination Block pricing Third degree price discrimination Second degree price discrimination What price should you charge on weekends? Instructions: Enter your respoinse lounded to two decimal places What price should you charge on weekdays? Instructions: Enteryour response rounded to two decimal places $