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3.4 Market structures

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Question 23

Figure 1

Dreadwood Theme Park Day Ticket Prices (Peak Season)

Ticket TypePrice
Standard Adult (16–59 yrs)£48.00
Junior (3–15 yrs)£34.00
Student (with valid ID)£38.00
Senior (60+ yrs)£38.00
Family Saver (Group of 4)£136.00

With reference to Figure 1, discuss the likely impact of price discrimination on Dreadwood Theme Park's profit. Include an appropriate diagram in your answer.

[12]

3.4 Market structures Questions

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