A customer is closing operations and has equipment to, Business Economics

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A customer is closing operations and has equipment to

A customer is closing operations and has equipment to dispose. Reservation of eqpt, is 250K. There is a .4 chance a buyer will pay 300K and a .25 chance the buyer will pay 350K and a .1 chance the buyer will pay 400K and a .25 chance it will not sell. What price maximizes profits?

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