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Business, 01.12.2019 16:31 culbertchristi5634

Apainting company paints its products in white or red. experience indicates that there are two types of individuals. the first type likes to go unnoticed and only buys the product in white. the second type is people who like to stand out and only buys the product in red. the first type values the product at €100 and the second type values the product at €200. a priori, the company cannot tell whether a consumer is one type or another. the company only distinguishes them once product is already produced and observes their decision. that is, if the company produces the wrong color the valuation of the product is zero.
a) identify the strategies of this company.

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