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If competitors do not respond to a new product, there is a .85 probability of a positive net present value. If competitors do respond, there
If competitors do not respond to a new product, there is a .85 probability of a positive net present value. If competitors do respond, there is a .4 probability of a positive net present value. There is a .6 probability that competitors will respond. What is the probability of a positive net present value?
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