I disagree with MRG, Mt Ellen and Smuggs. All have a pretty good local following Midweek from the Burlington area as well as people in the MRV or Jeffersonville that work weekends supporting the resorts. Not saying they make a ton of money those days, but reducing their schedules would very much upset me if I were a local or second home owner in the area.
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I'd say Smuggs was the biggest stretch of the lot because they are touted as being a great place for families to stay. That means they probably keep their bed base at reasonably high occupancy.
If the MRG cooperative said they needed to cut Wednesdays, I can't imagine masses complaining. They have as much cred as anyone I can think of (of size) in that region given their ownership situation.
Mt. Ellen is the easiest - deem that your ME pass works on midweek closure days at Lincoln.
I'm general, being closed on a midweek powder day could pull demand the following day from other resorts. If you're MRG and you close Wednesdays, a Tuesday night/Wednesday storm means you are THE place to hit that Thursday.
Re: second homeowners. Unless your job situation is different from mine, you're probably not skiing many Wednesdays anyway. If your job is like mine (normal hours), you'd just work around it (take Thursday though Sunday off or buy a Wednesday ticket in advance elsewhere). I've never been a local, so I can't comment as readily. That said, I'd be hard pressed to believe enough local Burlington/MRV skiers would switch allegiances to move the needle.