Quiz_161 - 33 . A B

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33) Most movie theatres charge different prices to different groups of customers for movie admissionbut not on movie popcorn. Which of the following is a reason for this?A) because it is easier to limit resale in movie admissions but not in popcornB) because the markup on movie popcorn is very high and movie theatres do not want to foregothis source of revenueC) because the demand for popcorn is very high relative to the demand for movie admissionsD) because the cost of operating a concession stand in a movie theatre is very high compared tothe cost of showing a movieAnswer: A33)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking34) Which of the following is a necessary condition for successful price discrimination?34)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking35) Successful price discriminationcannottake place if35)Diff: 2Page Ref: 523/523Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Reflective Thinking10
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