| Ticket Type | Price |
|---|---|
| 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.
92 exam-style questions on Edexcel A A Level Economics 3.4 Market structures, covering 3.4.1 Efficiency, 3.4.2 Perfect competition, 3.4.3 Monopolistic competition, 3.4.4 Oligopoly, 3.4.5 Monopoly, 3.4.6 Monopsony, and 3.4.7 Contestability. Each one has a worked solution and a mark scheme showing where the marks go.