Use the following table for question

-Given that the firm only chooses to sell the no-name brand,how should it price its product?
A)Price low,sell to both users
B)Price high,sell only to the professional chefs
C)Price low,sell only to the professional chefs
D)Price high,sell only to the home users

Question

​Use the following table for question
 
-​Given that the firm only chooses to sell the no-name brand,how should it price its product?
A)​Price low,sell to both users 
B)Price high,sell only to the professional chefs 
C)Price low,sell only to the professional chefs 
D)​Price high,sell only to the home users

Quizplus · Accepted Answer

The firm should price low and sell to both users because this will maximize its profits. By pricing low, the firm can attract both home users and professional chefs. This will allow the firm to sell more units and generate more revenue.

​Use the Following Table for Question -​Given That the Firm Only Chooses to Sell the No-Name

Use the Following Table for Question -Given That the Firm Only Chooses to Sell the No-Name