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Given that the firm wants to sell both versions, how much surplus does buying the no-name brand give the professional chefs? Given that the firm


Given that the firm wants to sell both versions, how much surplus does buying the no-name brand give the professional chefs?

Given that the firm wants to sell both versions, how should it price its products to have the users self-sort themselves profitably?

Carving knives

Home users

Professional Chefs

No-name brand

$40

$70

High-end professional series

$60

$130



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