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

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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

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73) Refer to Figure 16 - 2. Suppose Plato Playhouse price discriminates. Which of the following statements is true? 73)
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