Question: Value to home users: No name brand: $ 5 0 High end brand: $ 7 0 Value to professional chefs: No name brand: $ 6

Value to home users: No name brand: $50High end brand: $70 Value to professional chefs: No name brand: $60 High end professional series: $100Suppose the firm charges $50 for the no name brand, are the chefs likely to pay the full $100 for the high end wok? a) yes because they value it at $100b) no because they value it at $70c) no because they can get a positive consumer surplus buying the no name brand d) all of the above

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