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Question 6 (1 point) In the Camerer and Lovallo experiment, let N=10 and c=2. Specify the number of entrants that maximizes industry profit. What will

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Question 6 (1 point) In the Camerer and Lovallo experiment, let N=10 and c=2. Specify the number of entrants that maximizes industry profit. What will this industry profit be? Specify the number of entrants that minimizes industry profits. What will this industry profit be? What number of entrants leads to zero industry profits? Question 7 (1 point) In the Camerer and Lovallo experiment, overconfidence leads to excessive entry into markets. Do you believe that if a prospective entrepreneur read this research she would be more or less likely to undertake a start-up? Explain

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