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Quiz 5 Suppose Ted pays $65 for an item of sports memorabilia with the expectation that there is a 50% chance it will increase in

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Quiz 5 Suppose Ted pays $65 for an item of sports memorabilia with the expectation that there is a 50% chance it will increase in value to $120 and a 50% chance it will be worth nothing. Ted is A. Risk Averse B. Risk Neutral C. Risk Preferring D. Not enough information

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