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Luna is a private tourist guide to travelers who are keen to visit the exotic and least-known places in Thailand. Luna's tour service depends on
Luna is a private tourist guide to travelers who are keen to visit the exotic and least-known places in Thailand. Luna's tour service depends on the number of weeks she is needed by her clients. Since there are only few tourist guides like Luna, Luna charges her clients their exact reservation price for each week they need of her service. 1. Luna is using First degree price discrimination against her clients. 2. A traveler's reservation price is the maximum amount they are willing to pay for Luna's tour services. 3. Luna is a price-taker because she can price discriminate. Which of the above statements are true? O Only 1 is true. O Only 2 is true. Both 1 and 2 are true. Both 1 and 3 are true. O All three are true
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