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real options? The following are the main types of real options: (1) The option to expand if the immediate investment project succeeds (11) The option

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The following are the main types of real options: (1) The option to expand if the immediate investment project succeeds (11) The option to wait (and learn) before investing (III) The option to shrink or abandon a project (IV) The option to vary the mix of output or the firm's production methods O al only Ob. I, II and III only Oc.1, II, III and IV only Odl and Il only

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