The Economist is a weekly magazine that focuses on current affairs, economic issues, international business, and politics. It is purchased by both business people and university students.

a. Are businesspeople and students charged the same price? list 5 points Explain with full details and examples.

Explain with the aid of a diagram, showing prices and quantity sold to business people and university students. list 5 points explained with full details and examples. (20 marks)

b. Explain the conditions required for third-degree price discrimination, and how revenues are maximized using this strategy sold to business people and university students.. (20 marks)list 5 points Explain with full details and examples.