Suppose executives at an art museum know that 100 adults are willing to pay $12 for admission to the museum on a weekday. suppose the executives also know that 200 students are willing to pay $8 for admission on a weekday. the cost of operating the museum on a weekday is $2,000. how much profit will the museum earn if it engages in price discrimination?
$1,200
$2,600
$1,600
$800
Answers: 2
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