2. What is menu pricing? Provide a simple example in which menu pricing increases profits compared to separate selling f
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2. What is menu pricing? Provide a simple example in which menu pricing increases profits compared to separate selling f
2. What is menu pricing? Provide a simple example in which menu pricing increases profits compared to separate selling for a monopolist and explain in detail why it is possible to generate larger profits. Also provide a related example in which menu pricing does not lead to larger profits. Explain in detail why the situation is different. The examples should not be taken from the notes or the book.