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Sketch a graph of the certain of equivalent of each bid

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Question: Paragon considers placing a sealed bid in an on-line auction for a rare Camera Action Card. The graphs represent Paragon's beliefs about this auction. Paragon is risk-neutral over the range of values below.

Sketch a graph of the certain of equivalent of each bid vs. the bid amount. Label any significant values on the graph.

Reference no: EM131757946

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