If at the current level of product- specific service, consumers' value at $12 and the cost of retailers to provide the services is $12, which of the following is true?

Question

Quizplus · Accepted Answer

Since the cost of providing the service is equal to the amount consumers are willing to pay, offering more services would not result in additional profit. Thus, the current level of product-specific services being offered is already at the profit-maximizing amount.

If at the Current Level of Product- Specific Service, Consumers