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3.4 Market structures

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Question 22

Figure 1

EcoDome Biopark Single-Entry Ticket Prices (Peak Season)

Ticket CategoryPrice
Peak General Admission (Ages 18–64)£54.00
Youth Explorer (Ages 6–17)£35.00
Scholar & Senior Concession (with valid ID)£40.00
Family Multi-Pass (Up to 2 Adults and 3 Youths)£165.00

With reference to the pricing strategy shown in Figure 1, discuss the likely impact of price discrimination on EcoDome Biopark's profitability. Include an appropriate microeconomic diagram in your answer.

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3.4 Market structures Questions

  1. A Level
  2. /Economics
  3. /3.4 Market structures