Three River park offers tickets to adult and college students. It has a MC of Ksh 3 for each ticket. The demand function for students is Qd 500 - 100p, and the demand function for adults Qd= 800 -100p. Calculate the discriminating monopolists profit maximizing price, quantities and profits for each of the two markets segments. (15 Marks)

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Student Market Q d 5... View the full answer