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You need to source a product and want to buy it at a cheaper price. There are two markets that offer this product. The price
You need to source a product and want to buy it at a cheaper price. There are two markets that offer this product. The price in Market 1 has a 50% chance of being 40 and a 50% chance of being 60. Independently, the price in Market 2 has a 50% chance of being 30 and a 50% chance of being 70. Question C.1 [10 marks] You can only find out the price after deciding which market to buy from. Draw the decision tree and determine the optimal decision
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