Price Discrimination Movie Theater
To further your example of price discrimination in the movie theater business, theaters charge less for tickets during the day, than for night time tickets because the demand is higher for movies at night. Accordingly, price discrimination is in a sense the exploitation of price elasticities of demand. Thus, I believe price discrimination would be best left to the market, as it is beneficial to sellers and society. Sellers can increase their profits with price discrimination. Consequently, product production and job availability increases. Contingently, more products and services are accessible to consumers to choose from and it creates lower prices for customers that are sensitive to prices. Additionally, price discrimination