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Business, 27.08.2019 22:00 theirishgold42
The practice of charging a very low price for a product with the intent of driving competitors out of business or out of a market is called
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Business, 23.06.2019 02:40
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $9,500 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $15,500. suppose you bid $12,000. what is the probability that your bid will be accepted?
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