optimal eontraet Retum to the setting of Table 18.1 (and solution in Table 18.2). Nowassume the probability
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optimal eontraet Retum to the setting of Table 18.1 (and solution in Table 18.2). Nowassume the probability of output XI under input L is .9 instead of 1.0. Detennine the optimal pay-for-performance arrangement. Carefully explain the difference between this arrangement and that identified in Table 18.2. (Hint: II = 4,372.17.)
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