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    Principles of Microeconomics
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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 26

Question 26

True/False

Consider the following game. You pick a card from a standard 52-card deck and each time you select an ace, you get $520. For all other cards you must pay $26. This game is not a fair bet.

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