Hannah Gadsby is doing a one-night only show in Toronto at Massey Hall. Only 276 seats...
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Hannah Gadsby is doing a one-night only show in Toronto at Massey Hall. Only 276 seats (identical on all dimensions) are available. There are two types of ticket buyers--those who love Hannah Gadsby (39 people) and those who are only looking for a fun thing to do on a Friday night (500 people). Every consumer buys only one ticket. Hannah Gadsby fans are willing to pay $363 for a ticket and they really want to be at the show. The other buyers are willing to pay $162 for a ticket. Massey Hall does not allow ticket resale. All (and only) Hannah Gadsby fans are on a mailing list. Massey Hall emails them with the opportunity to buy a ticket before tickets go on general sale. If Massey halls price discriminates, what is the highest revenue it can make from the show? Enter a number only, no $ sign, no commas. Hannah Gadsby is doing a one-night only show in Toronto at Massey Hall. Only 276 seats (identical on all dimensions) are available. There are two types of ticket buyers--those who love Hannah Gadsby (39 people) and those who are only looking for a fun thing to do on a Friday night (500 people). Every consumer buys only one ticket. Hannah Gadsby fans are willing to pay $363 for a ticket and they really want to be at the show. The other buyers are willing to pay $162 for a ticket. Massey Hall does not allow ticket resale. All (and only) Hannah Gadsby fans are on a mailing list. Massey Hall emails them with the opportunity to buy a ticket before tickets go on general sale. If Massey halls price discriminates, what is the highest revenue it can make from the show? Enter a number only, no $ sign, no commas.
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The above is an example of 1st degree price discrimination Massey hall wants to extract the c... View the full answer
Related Book For
Introduction to Wireless and Mobile Systems
ISBN: ?978-1305087132
4th edition
Authors: Dharma P. Agrawal, Qing-An Zeng
Posted Date:
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