Part of the consumer enables a firm to price-discriminate

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Reference no: EM13832810

1) Name three products for which impatience on the part of the consumer enables a firm to price-discriminate

2) At many amusement park, customers who enter after 4 pm receive a steep discount on the price of admission. Explain how this practice is a form of price discrimination.

3) Metropolitan Opera tickets are the most expensive on Saturday night. There are often a bery limited number of "student rush" tickets, with which a lucky student can wind up paying $20 for a $250 seat. The student rush tickets are available first-come, first-served. Why does the opera company offer these low-cost tickets? How does it benefit from this practice? Why are students, and not other groups of customers, offered the discounted tickets?

Reference no: EM13832810

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