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Assume that the company's decision rule is to pick the option that minimizes TOTAL EXPECTED COST. Can you identify what risk management option is chosen?

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Assume that the company's decision rule is to pick the option that minimizes TOTAL EXPECTED COST. Can you identify what risk management option is chosen? Why or why not? Make sure that you show all calculations and clearly define TOTAL EXPCTED COST in each case. [2 points]

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