A company can make either of two new products, $X$ and $Y$, but not both. The profitability
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A company can make either of two new products, $X$ and $Y$, but not both. The profitability of each product depends on the state of the market, as follows:
Calculate the expected value of perfect information as to the state of the market.
A. $\$ 0$
B. $\$ 600$
C. $\$ 800$
D. $\$ 1,000$
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