Mike is the monopoly provider of dance classes in a small city. He teaches classes in a studio near a university. He has 100 potential customers who are students, and 100 potential customers who are non-students. Students are willing to pay up to $10 per class, and non-students are willing to pay up to $20 per class. Mike's marginal cost (per student per class) is $5. If Mike chooses a single price to maximize his profits, how much will he charge per class? Points possible: 2 If Mike can price discriminate by offering discounts to customers who show student IDs, what price will he charge to students? What price will he charge to non-students? Points possible: 2 In this case, if Mike charges different prices to students and non-students it will ! : the efficiency of the market outcome compared to charging everyone the same price. :: increase #: decrease #: have no impact on