Explain would you enter the market

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Reference no: EM1397675

You want to invest in a hot dog stand near the ball park. You have a 0.35 probability that you can turn your current $15,000 into $50,000 and a 0.65 probability that fierce competition will drive you to ruin losing all your money. If you agree not to enter, you keep you $15,000. Would you enter the market?

Reference no: EM1397675

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