Nash Ventures (NV) maximizes expected profit by playing a mixed strategy that randomizes over prices 20 and 30. To be precise, with 25% probability NV sets a price of 20. With 75% probability, NV sets a price of 30. If NV’s expected profit at a price of 30 is 120, then what is its expected profit at a price of 20? A. 30 B. 60 C. 90 D. 120
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Nash Ventures (NV) maximizes expected profit by playing a mixed strategy that randomizes over prices 20 and 30. To be precise, with 25%
A. 30
B. 60
C. 90
D. 120
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