Question
Anna's Antiques expects to get two customers for a unique china teacup it sells. Each of the customers can either have a high-value of $100
Anna's Antiques expects to get two customers for a unique china teacup it sells.Each of the customers can either have a high-value of $100 or a low-value of $70 with equal probability.What is the expected revenue from setting the price at $100?
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Macroeconomics
Authors: Stephen D. Williamson
6th Edition
013447211X, 134472119, 978-0134472119
