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Business, 04.03.2020 22:32 nyceastcoast

You expect one-third of your customers to be high value, willing to pay $9 for your product, and the other two-thirds to be low value customers willing to pay only $3. you cannot tell them apart. if the product costs $3, and you charge $9, what is your expected profit?

a. $1

b. $2

c. $3

d. $4

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