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Business, 13.08.2020 19:01 nkslsj

2. Suppose that you have 2 buyers and one item for sale. The first buyer values your product at $10, and the second buyer values your product at $6. You estimate that the probability of getting the high value customer is 40%. Your marginal costs are $3. You have only one chance to sell your item to these buyers. What is your optimal price and expected profit

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2. Suppose that you have 2 buyers and one item for sale. The first buyer values your product at $10,...
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