What prices should the firm set for the two versions

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Suppose there are three consumer types A, B, C equal in number. A certain firm sells two products 1 and 2 and has zero marginal cost. The willingness-to-pay values are ^wA = (6, 2), ^wB = (4, 3), ^wC = (9, 3), and consumers purchase at most one version. What prices should the firm set for the two versions? What are the resulting CS, π, and SS?

Reference no: EM131248980

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