Question
Half of all your potential customers would pay $10 for your product but the other half would only pay $8. You cannot tell them apart.
Half of all your potential customers would pay $10 for your product but the other half would only pay $8. You cannot tell them apart. Your marginal costs are $4. If you set the price at $10, the expected profit is:
a.$3
b.$4
c.$5
d.$6
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Macroeconomics
Authors: Stephen d. Williamson
5th Canadian edition
133847144, 9780134604794 , 978-0133847147
