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needed term papers of olfier reports prepared in a professional manifiel, Usill ve identified three strategies. Strategy 1 is to invest in a fairly expensive

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needed term papers of olfier reports prepared in a professional manifiel, Usill ve identified three strategies. Strategy 1 is to invest in a fairly expensive micro ter. In a favorable market, they should be able to obtain a net profit of $10,00 avorable, they can lose $8,000. Strategy 2 is to purchase a less expensive syst return during the next 2 years of $8,000. With an unfavorable market, they w tegy, strategy 3, is to do nothing. Cal is basically a risk taker, whereas Becky t should Cal use? What would Cal's decision be? ecky? What decision would Becky make? to risk, what type of decision approach should they use? What would you re

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