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The following is a payoff table giving costs for various situations. State 1 State 2 State 3 Alternative 1 45 37 83 Alternative 2 16

The following is a payoff table giving costs for various situations. State 1 State 2 State 3 Alternative 1 45 37 83 Alternative 2 16 59 72 Alternative 3 23 65 91 Alternative 4 44 33 55 If the prior pr

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