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do not copy answers from other people, as they have proven to be wrong. Problem 12.1.2 Alexx's monopoly currently sells its product at a single
do not copy answers from other people, as they have proven to be wrong.
Problem 12.1.2 Alexx's monopoly currently sells its product at a single price. \"that are the necessary conditions so that he can protably price discriminate? Problem 12.3.4 [Typo in textbook corrected. Should be at; = 10,000 100m; and (in = 9,000 - 100p] Hershey Park sells tickets at the gate and at local municipal ofces to two groups of people. Suppose that the demand mction for people who purchase tickets at the gate is Q; = 10,000 - lODpG and that the demand function for people who purchase tickets at municipal ofces is QC, = 9,000 lpg. The marginal cost of each patron is 5. a. If Hershey Park caimot successfully segment the two markets, what are the prot-maximizing price and quantity? What is its maximum possible prot? b. If the people who purchase tickets at one location would never consider pm'chasmg them at the other and Hershey Park can successilly price discriminate, what are the prot-maximizing price and quantity? What is its maximmu possible prot? (Hint: See Solved Problem 12.2.) MStep by Step Solution
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