Figure 7.1

-Disneyland, Sea World, and other amusement parks commonly charge for admission but not for rides or exhibits inside the park. This is an example of

Question

Figure 7.1
 
-Disneyland, Sea World, and other amusement parks commonly charge for admission but not for rides or exhibits inside the park. This is an example of

Quizplus · Accepted Answer

The amusement parks charge only for admission, but not for the rides or exhibits, which implies that they are trying to collect the entire consumer surplus. By charging only for admission, the parks are trying to attract a larger number of visitors, who would be willing to pay for the park experience but not necessarily for individual rides or exhibits. By doing so, the parks can increase their overall revenue while simultaneously serving the needs of both low and high-value consumers.

Figure 7.1 -Disneyland, Sea World, and Other Amusement Parks Commonly Charge for Parks