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

Info icon This preview shows pages 1–3. Sign up to view the full content.

Figure 16 - 2 Plato Playhouse, a theatre company in the university town of Wegg, caters to two groups of customers: students and the non - 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 = P b B) price in the student market = P d; price in the non - student market = P e C) price in the student market = price in the non - student market = P a D) price in the student market = P c; price in the non - student market = P e 71) Answer: D Diff: 2 Page Ref: 524 - 525/524 - 525 Topic: Price Discrimination Learning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how public policies affect monopolies AACSB: Analytic Skills 72) Refer to Figure 16 - 2. What is the quantity sold to each group of customer and what is the total quantity sold? 72) Diff: 2 Page Ref: 524 - 525/524 - 525 Topic: Price Discrimination Learning Outcome: Micro 14: Discuss production and pricing decisions within monopolies and how public policies affect monopolies AACSB: Analytic Skills 22
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

73) Refer to Figure 16 - 2. Suppose Plato Playhouse price discriminates. Which of the following statements is true? 73)
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern