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    Exam 17: Uncertainty and Asymmetric Information
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    Consider the Following Game
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Consider the Following Game

Question 77

Question 77

Multiple Choice

Consider the following game. You pick a card from a 52-card deck and each time you select a queen, you get $520. For all other cards pay $26. The expected value of the game is


A) -$24.
B) $0.
C) $16.
D) $64.

Correct Answer:

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