Use the following table to answer the next two questions. A professional theater in a major city charges four different prices for its summer playhouse productions. These rates are summarized in the table below. General admission $30 Student rate Military rate Senior citizen (65+) rate $25 $20 $15 Why might requiring a ticket buyer to provide appropriate identification to receive the student rate, the military rate, or the senior citizen rate not be a foolproof method of price discrimination? Some theatergoers may be turned off by the practice and stop coming. The practice described is probably in violation of state and federal law. Requiring ID at the time of original purchase does not prevent later resale. Some people fall into more than one category, such as students in the military. The number of seats in the theater is fixed and limited, regardless.

Use the following table to answer the next two questions. A professional theater in a major city charges four different prices for its summer playhouse productions. These rates are summarized in the table below. General admission $30 Student rate Military rate Senior citizen (65+) rate $25 $20 $15 Why might requiring a ticket buyer to provide appropriate identification to receive the student rate, the military rate, or the senior citizen rate not be a foolproof method of price discrimination? Some theatergoers may be turned off by the practice and stop coming. The practice described is probably in violation of state and federal law. Requiring ID at the time of original purchase does not prevent later resale. Some people fall into more than one category, such as students in the military. The number of seats in the theater is fixed and limited, regardless.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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