MANAGERIAL ECONOMICS
5th Edition
ISBN: 9781337106658
Author: FROEB
Publisher: CENGAGE L
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Chapter 23, Problem 1MC
To determine
Sales
Expert Solution & Answer
Explanation of Solution
The sales price of the firm would lie in the range of actual and expected worth. Hence, the price would range between $20 million and $25 million. Thus, option ‘c’ is correct.
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