The table below indicates the willingness to pay for CDs by various types of buyers. There are
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The table below indicates the willingness to pay for CDs by various types of buyers. There are N buyers of each type. Costs are $2.50 per CD. Find prices and profits when the seller offers the products (i) individually. (ii) as a bundle. (iii) individually and as a bundle (i.e. uses mixed bundling).
CDs | Romantic | Neoclassical | Tchaikovsky lover | Sophisticate |
Berlioz/Tchaikovsky | $8 | $6 | $9 | $2 |
Bartok/Stravinsky | $6 | $6 | $2 | $9 |
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