QUESTION 3 Justin Bieber is playing a concert at Mooncorp Stadium in Brisbane. Tickets are $150 each, or $600 each for the VIP Package which includes front-row seats and a signed autograph from Justin Bieber. Select the item from the list provided to make the following statements true. Justin Bieber's pricing strategy Indicates use of first degree price discrimination 2. second degree price discrimination Jon purchases some Justin Bieber tickets with the intention of 3. third degree price discrimination selling these for a higher price. He is engaging in 4. peak load pricing If the concert does completely sell out of tickets, and people 5. pricing power like Jon are unable to sell their tickets for a higher price, the 6. arbitrage market can be considered to have been 7. inefficient 8. collusion 9. both second and third degree price discrimination 10. fourth degree price discrimination 11. prisoner's dilemma 12. efficient