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Mathematics, 04.06.2020 13:08 raven82914

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? a. $10,000
b. $0
c. $100,000
d. $90,000

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