The reservation prices, in dollars, for three classes of demanders (A, B, and C) for three restaurants (1, 2, and 3) are given in the following table. What is the maximum revenue that can be generated by setting a bundled price for the three restaurants?

The reservation prices, in dollars, for three classes of demanders (A, B, and C) for three restaurants (1, 2, and 3) are given in the following table. What is the maximum revenue that can be generated by setting a bundled price for the three restaurants?

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter13: Monopoly And Antitrust

Section: Chapter Questions

Problem 13P

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Question

The reservation prices, in dollars, for three classes of demanders (A, B, and C) for three
restaurants (1, 2, and 3) are given in the following table. What is the maximum revenue that
can be generated by setting a bundled price for the three restaurants?
Class
A
B
C
$84.00
$72.00
$63.00
$52.00
O $46.00
1
12
7
9
Restaurant
2
5
11
15
3
7
20
6

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