Author Question: Disneyland price discriminates because A) everyone loves going to The Happiest Place on Earth, so ... (Read 49 times)

jhjkgdfhk · **on:** Jul 1, 2018

Disneyland price discriminates because

A) everyone loves going to The Happiest Place on Earth, so they'll pay whatever Disneyland wants to charge.
B) children are cheaper to service, so Disneyland can charge lower prices for a children's ticket.
C) only a certain number of people can get into Disneyland at any given time, limiting supply, and the market demand curve is nearly completely inelastic.
D) local residents likely wouldn't go to the park at prices Disneyland can charge for tourists, which would reduce Disneyland's profits.

Question 2

Firms in an oligopolistic market ________ because they are ________.

A) attempt to predict the behavior of other firms; strategically interdependent
B) form cartels; unable to predict the behavior of other firms
C) ignore other firms' actions; strategically independent
D) advertise; unable to differentiate their products.