3.4.5 Monopoly

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

Question 13

Figure 3: Price of a single return ferry crossing, Penzance to St Mary's, Saturday 12th July 2025 09:00 hours

Ticket Type	Ticket Price
Standard Tourist	£92.00
Local Resident (with Island Pass)	£38.50

Using the data in Figure 3 and your economic knowledge, discuss the likely benefits of price discrimination to ferry passengers. Use a diagram to support your answer.

[15]

3.4.5 Monopoly

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25

Question 13

Figure 3: Price of a single return ferry crossing, Penzance to St Mary's, Saturday 12th July 2025 09:00 hours

Ticket Type	Ticket Price
Standard Tourist	£92.00
Local Resident (with Island Pass)	£38.50

Using the data in Figure 3 and your economic knowledge, discuss the likely benefits of price discrimination to ferry passengers. Use a diagram to support your answer.

[15]

3.4.5 Monopoly

Question 13

Figure 3: Price of a single return ferry crossing, Penzance to St Mary's, Saturday 12th July 2025 09:00 hours

3.4.5 Monopoly Questions

3.4.5 Monopoly

Question 13

Figure 3: Price of a single return ferry crossing, Penzance to St Mary's, Saturday 12th July 2025 09:00 hours

3.4.5 Monopoly Questions