Quiz_164 - Figure16-2 PlatoPlayhouse,,:studentsandthe non-studentpopulation.Figure16- 71 RefertoFigure16-2. A p

Quiz_164 - Figure16-2 PlatoPlayhouse,,:studentsandthe...

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Figure 16-2Plato Playhouse, a theatre company in the university town of Wegg, caters to two groups of customers: students and thenon-student population. Figure 16-2 shows the demand curves for the two groups of customers.71)Refer to Figure 16-2.What is the price charged in the two markets? A) price in the student market=price in the non-student market=PbB) price in the student market=Pd;price in the non-student market=PeC) price in the student market=price in the non-student market=PaD) price in the student market=Pc;price in the non-student market=PeAnswer: D71)Diff: 2Page Ref: 524-525/524-525Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills 72)Refer to Figure 16-2.What is the quantity sold to each group of customer and what is the totalquantity sold? 72)Diff: 2Page Ref: 524-525/524-525Topic: Price DiscriminationLearning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how publicpolicies affect monopoliesAACSB: Analytic Skills 22
73)Refer to Figure 16-2.Suppose Plato Playhouse price discriminates. Which of the followingstatements is true? 73)

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