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3.4.5 Monopoly

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Question 3

Figure 1

Novus Science & Exhibition Centre Admission Prices

Ticket CategoryPrice
Peak Standard (22–64 yrs)£36.00
Youth / Student (12–21 yrs)£22.00
Senior (65+ yrs)£25.00
Child (3–11 yrs)£15.00
Twilight Ticket (Entry after 4 PM)£18.00

With reference to Figure 1, discuss the likely impact of price discrimination on Novus Science & Exhibition Centre's profit. Include an appropriate diagram in your answer.

[12]

3.4.5 Monopoly Questions

  1. A Level
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  3. /3.4.5 Monopoly