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The following table summarizes six potential customers' ages and willingness to pay for a solo skydiving experience from SkyMasters.The aircraft has room for eight people,including the pilot and skydiving instructor.The marginal cost of adding each additional passenger is $100.SkyMasters holds significant market power for its region.
Use this information to answer the following questions:
-If SkyMasters decides to price discriminate based on age,which customer(s) will not skydive based on the price that should be offered to that particular age group?
Economic
Relating to the production, distribution, and consumption of goods and services, as well as the management of money and resources.
Lewin's Change Model
A framework developed by Kurt Lewin which describes organizational change through three stages: Unfreezing, Changing, and Refreezing.
Resisting Forces
Forces or factors that obstruct or slow down the process of organizational change, often arising from individuals' fear of the unknown or loss of control.
Strategic Redefine
The process of reassessing an organization's strategy to adapt to changes in the internal or external environment.
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