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Ephemeral Services Corporation ESCO knows that nine other companies besides ESCO are bidding for a...

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Ephemeral Services Corporation ESCO knows that nine other companies besides ESCO are bidding for a 900 000 government contract Each company has an equal chance of being awarded the contract If ESCO has already spent 100 000 in developing its bidding proposal what is its expected net profit Multiple Choice O O O O 90 000 0 100 000 10 000

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