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Business, 23.10.2021 21:10 RiddleMeThis

A company has a value V which is uniformly distributed between 0 and 1. you are planning to place a bid B for the company. If B is smaller than V, then your bid loses and you get nothing; if B is larger than V, you get to purchase the company at price B, and the company will end up being worth 1.5 * V. What price B should you bid to maximize your profit

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