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.

Answer rating: 100% (QA)

The above is an example of 1st degree price discrimination Massey hall wants to extract the c... View the full answer