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Season tickets for a professional sport steam

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a) In most cases, when a consumer purchases season tickets for a professional sport steam, the consumer must purchase preseason games as well. What type of pricing strategy does this represent?

b) If all consumers of a product have identical tastes, what pricing strategy maximizes the firm's profits and requires the least amount of information about demand? Explain.

c) Explain why a firm can earn more profit by price discrimination than from setting auniform price.

Reference no: EM131443687

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