Econ question:

Po||405 is currently the only firm offering an audience response system that professors can use during their online classes. The price charged by Po||405 is currently $130. A typical professor values Poll405's product at $200 A new firm, EVPoll is considering entering the market with a new product that is more user friendly and offers additional interactive features Most teaching experts consider it to be worth $300 to professors. Suppose that a professor will incur a $50 switching cost if she switches to the new product. What is the maximum price EVPoII could charge to attract clients (assuming Poll405 maintains its price)? 0 a. $180 0 b. $130 0 c. $80 0 di $200 0 es $100