Pottery Barn, Inc. incurs a cost of $350 to produce one unit of a leather chair. The company has priced the product at $600 in the market. Considering the branding and leather quality of the chair, customers perceive its value to be around $800. What is the economic value created in this scenario?

Pottery Barn, Inc. incurs a cost of $350 to produce one unit of a leather chair. The company has priced the product at $600 in the market. Considering the branding and leather quality of the chair, customers perceive its value to be around $800. What is the economic value created in this scenario?

A. $450

B. $200

C. $250

D. $800

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