Suppose that, instead of the scaled down version, the firm sells an intermediate version that is valued at $200 by professionals and $75 by students. (b) What are the optimal prices for each version of the software? Is the firm better off by selling the intermediate version instead of the scaled down version? (9) Equality and night-club pricing - "Banny Brussels Battles Bars" We read with interest that there is discussion of new legislation being introduced throughout the European Union aims to end differential pricing between males and females, this being viewed as a discriminatory practice. One of the leading firms in the industry, BANCA, the European wide Bars and Nightclubs Associated, which has considerable market power in this industry, has protested arguing that such legislation would a have severely detrimental effects on the profitability and viability of its business. Moreover, BANCA argues that its customers would suffer through the introduction of such legislation. In no more than a paragraph for each point, discuss: (a) How one might try to assess the extent to which customers might lose or benefit from the current arrangement; (b) What might account for the current pricing arrangements, and, (c) Whether there are any particular features of this industry which one might take into consideration. @ 2018 NYU Stern School of Brainers Practice Problems 30