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Suppose the demand curve for students is now q1(p) = max{0, 21 p} and that for adults remains q2(p) = max{0, 20 p/2}. Marginal cost
Suppose the demand curve for students is now q1(p) = max{0, 21 p} and that for adults remains q2(p) = max{0, 20 p/2}. Marginal cost is c1 = 5 for students and c2 = 4 for adults. If the cinema's third-degree price discriminates between adults and students, what are the profit-maximizing prices for each segment
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