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QUESTION
How to get a single profit maximizing price when we cannot figure out how much customers willing to pay. For example, Group A wants to pay $20 and...
How to get a single profit maximizing price when we cannot figure out how much customers willing to pay.
For example, Group A wants to pay $20 and Group B wants to pay $10 for a product. Total potential customers is 40.
How do I figure a single profit maximizing price in this case?
Thank you
