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Market A Market B 20 20 0 8 N PRICE (Dollars per ticket) PRICE (Dollars per ticket) N ON MR DA 0 MRB PB 0

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Market A Market B 20 20 0 8 N PRICE (Dollars per ticket) PRICE (Dollars per ticket) N ON MR DA 0 MRB PB 0 6 9 12 15 18 21 24 27 30 3 6 9 12 15 18 21 24 27 30 QUANTITY (Admission tickets) QUANTITY (Admission tickets) Suppose that at first, Dmitri charges the same price of $8 per admission in both markets so that the total number of admissions demanded is tickets. Suppose now that Dmitri decides to charge a different price in each market. To maximize revenue, Dmitri should charge ($ per admission in Market A and $ per admission in Market B. At these prices, he will sell a total quantity of admission tickets per day. Complete the following table by calculating Dmitri's total revenue from selling in both markets under the nondiscriminatory as well as the discriminatory price policy. Total Revenue Pricing Policy (Dollars) Nondiscriminatory low Discriminatory high Dmitri charges a lower price in the market with a relatively price elasticity of demand

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