=+each demand condition occurring are also shown in the table. Market Demand Low Demand Medium Demand High

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=+each demand condition occurring are also shown in the table.

Market Demand Low Demand Medium Demand High Demand Market Probabilities .30 .40 .30 Low Effort  = $5million  = $10million  = $15million High Effort  = $10million  = $15million  = $17million

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Microeconomics

ISBN: 9781292081977

8th Global Edition

Authors: Robert S. Pindyck, Daniel L. Rubinfeld

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