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Quesiion Two. A firm supplies aircraft engines to the government and to private firms. It must decide betweentwo - mutually - exclusive contracts. If it
Quesiion Two.
A firm supplies aircraft engines to the government and to private firms. It must decide betweentwomutuallyexclusive contracts. If it contracts with a private finm; Its profit would be $ million, $ million, or $ million with probabilities and respectively. If it contracts with the government, its profit will be $ million or $ million with receptive probabilities and Which contract offers the greater expected profit?
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