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Consider the following information Consumer Type Reservation Price for High Quality Product Reservation Price for Low Quality Product Number of Consumers Type 1 130 60
Consider the following information
Consumer Type Reservation Price for High Quality Product Reservation Price for Low Quality Product Number of Consumers
Type 1 130 60 10
Type 260 25 10
Your production costs per unit are 1.
Your product is a high quality product.
Short answer 2. If you could, would you be willing to pay $1 per unit to damage your product to make it low quality?
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