Carving knives Home users' value No-name brand $40 High-end professional series $60 Professional Chefs' value $70 $130 A knife manufacturer faces two types of customers with the above values. Also assume there are equivalent numbers of both customers on the market. Given that the manufacturer only intends to sell the high-end professional series, how should it price its product? Price low at $60, sell only to the professional chefs. Price high at $130, sell only to the home users. Price high at $130, sell only to the professional chefs. Price low at $60, sell to both users.

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