Assignment 6 (chapters 17, 18) you’re the manager of global opportunities for a u. s. manufacturer, who is considering expanding sales into asia. your market research has identified the market potential in malaysia, philippines, and singapore as described next: success level malaysia philippines singapore probability units probability units probability units big 0.3 1,200,000 0.3 1,000,000 0.7 700,000 mediocre 0.3 600,000 0.5 320,000 0.2 400,000 failure 0.4 0 0.2 0 0.1 0 the product sells for $10 and has unit costs of $8. if you can enter only one market, and the cost of entering the market (regardless of which market you select) is $250,000, should you enter one of these markets? if so, which one? if you enter, what is your expected profit? 2. you hold an auction among three bidders. you estimate that each bidder has a value of either $16 or $20 for the item, and you attach probabilities to each value of 50%. what is the expected price? if two of the three bidders collude, what is the price?