5) Market Entry - Revisited (multiple choice - 1 point) You are considering entry into a market in which there is currently only one producer (incumbent). If you enter, the incumbent can take one of two strategies, price low or price high. If he prices high, then you expect a $60K profit per year. If he prices low, then you expect a $20K loss per year. You should enter if you believe the probability that the incumbent will price low is: a. greater than 0.75 b. less than 0.75 c. greater than 0.25 d. less than 0.25