Question: Question 3 (8 marks) (a) Name the pricing strategy for each of the following two cases. Case 1: Mass Transit Railway (MTR) offer concessionary fares

Question 3 (8 marks) (a) Name the pricing strategy for each of the following two cases. Case 1: Mass Transit Railway (MTR) offer concessionary fares to eligible full-time students, in which, eligible students can enjoy up to 50% fare discount. Case 2: Cinemas offer discounts for people who can attend movies in weekday afternoons. (b) What are the conditions for the pricing strategy suggested in part (a) to be successful? Briefly explain

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