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Harry's Highway Hotel is the only hotel on a single stretch of highway that is 100 miles from the next closest hotel. Harry's hotel only
Harry's Highway Hotel is the only hotel on a single stretch of highway that is 100 miles from the next closest hotel. Harry's hotel only has 50 rooms and a standard room rate of SSSight. a. A. What type of price discrimination is it if Harry offers a 10% discount for travelers over the age of 55? (2.5 Points) b. What strategy can Harry use to maximize his profit each night as his hotel begins to fill? What lead you to this strategy, and what are the economic principles involved? (5 Points)
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