Located in Southbank, the Melbourne Arts Precinct has one of the most visited art gallery and busiest performing arts centre in Australia. The Arts Precinct also features theatres, music venues. public art. creative co-working spaces and more. Assume that a musical function featuring Australia's popular performing artists is currently on show in the Arts precinct, and costs $ 60 for a day pass, and $90 for a two-day pass and $100 for a three-day pass. Explain the pricing strategy of the Arts Precinct using the economic concepts learned in this topic