market structure, monopoly, price discrimination
I knew that I needed to travel from Southampton to Manchester on a particular day, so I checked times of trains and fares for the journey. For my chosen journey, I faced a choice between several different prices for a single journey, ranging from £57 to £305. Potential passengers can also acquire one of 14 railcards that offer discounts, so the range with a railcard goes from £37.60 to £201.30 (depending on which railcard you own). Table 1 summarises the options.
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