Multiple Choice
The amount reserved for the spot market should be
A) such that the expected marginal revenue from the spot market equals the current revenue from a bulk sale.
B) such that the expected marginal revenue from the spot market exceeds the current revenue from a bulk sale.
C) such that the expected marginal revenue from the spot market is less than the current revenue from a bulk sale.
D) equal to the maximum revenue available from the spot.
Correct Answer:
Verified
Correct Answer:
Verified
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