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Half of all your potential customers would pay $16 for your product but the other half would only pay $10. You cannot tell them apart. Your marginal costs are $4. If you set the…

Half of all your potential customers would pay $16 for your product but the other half would only pay $10. You cannot tell them apart. Your marginal costs are $4. If you set the…
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Half of all your potential customers would pay $16 for your product but the other half would only pay $10. You cannot tell them apart. Your marginal costs are $4. If you set the price at $16, the expected profit is:

asked
User Mjsarfatti
by
8.2k points

1 Answer

6 votes

Answer:

$4

Step-by-step explanation:

answered
User Metro Smurf
by
8.3k points
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