Half of all potential customers would pay $16 for your product but half would only pay $10 but you cannot tell them apart.Your marginal costs are $4.If you set the price at $16,the expected profit is:
A)$3
B)$4
C)$5
D)$6

Question

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The Answer of Half of all potential customers would pay $16 for your product but half would only pay $10 but you cannot tell them apart.Your marginal costs are $4.If you set the price at $16,the expected profit is:
A)$3
B)$4
C)$5
D)$6

Half of All Potential Customers Would Pay $16 for Your