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Eddie is auctioning a Willie Mays baseball card. If the expected profit from the auction is $10,000 and the probability of a win is 10%,
Eddie is auctioning a Willie Mays baseball card. If the expected profit from the auction is $10,000 and the probability of a win is 10%, the surplus to be split between buyer and seller is:
a.$0.
b.$1,000.
c.$10,000.
d.$100,000.
e.none of the above.
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