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Figure 16-2 Price and cost per unit Pe Pp . MC Demand (Students) MR1 MR2 Demand (Non-Students) Ge a d QC Qa Quantity Plato Playhouse,

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Figure 16-2 Price and cost per unit Pe Pp . MC Demand (Students) MR1 MR2 Demand (Non-Students) Ge a d QC Qa Quantity Plato Playhouse, a theatre company in the university town of Wegg, caters to two groups of customers: students and the non-student population. Figure 16-2 shows the demand curves for the two groups of customers. Refer to Figure 16-2. What is the price charged in the two markets? O price in the student market = price in the non- student market = Pb O price in the student market = price in the non- student market = Pa O price in the student market = Pd; price in the non- student market = Pe price in the student market = Pc; price in the non- student market = Pe

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