हिंदी

Why do monopolists charge different prices to students and adults in a cinema hall?

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प्रश्न

Why do monopolists charge different prices to students and adults in a cinema hall?

विकल्प

  • Personal preferences

  • Different levels of income

  • Differences in price sensitivity (elasticity)

  • Location of seats

MCQ
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उत्तर

Differences in price sensitivity (elasticity)

Explanation: 

Monopolists set ticket prices based on how sensitive different groups are to price changes.​

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