Multiple Choice
A state lottery commission offers a new millionaire game - a one in a million chance to win one million dollars.If the price of a lottery ticket is $1.50,who would buy any?
A) Only risk-neutral individuals.
B) Only risk-preferring individuals.
C) Both risk-neutral and risk-preferring individuals.
D) Anyone,risk preferences would not matter.
Correct Answer:
Verified
Correct Answer:
Verified
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