Take the following as truth: Movie theaters have a certain amount of monopoly power (on a given night, a given moviegoer is likely to have a strong preference for a particular movie at a particular theater), and they price discriminate by offering discounts to senior citizens (which is equivalent to discriminating against everybody under the age of 65).
Then the following statement: "Movie theaters price discriminate by offering discounts to senior citizens." is true, false, or inconclusive?
Answer: True