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Business, 03.12.2021 20:10 theflash077

Consider a zoo that is trying to decide what price to charge for tickets. It knows that the maximum amount students and the elderly would be willing to pay for a ticket is $15. Suppose there are 6,000 students and elderly individuals who would buy a ticket at this price. There are also 35,000 adults who would be willing to pay $25 for a ticket. If the zoo cannot price discriminate, it will charge a price of and earn in revenue. If the zoo is able to perfectly price discriminate, it will increase its revenue by .

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