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You,a Real-Estate Developer,own a Piece of Land in Nassau,Bahamas,next to an Equal

Question 110

Multiple Choice

You,a real-estate developer,own a piece of land in Nassau,Bahamas,next to an equal size piece of land owned by a competitor.Both of you have the choice of building a casino or a hotel.Your payoffs are as follows: You,a real-estate developer,own a piece of land in Nassau,Bahamas,next to an equal size piece of land owned by a competitor.Both of you have the choice of building a casino or a hotel.Your payoffs are as follows: How much is it worth to you to get your casino building permit first? A) $2 million B) $3 million C) $15 million D) $17 million How much is it worth to you to get your casino building permit first?


A) $2 million
B) $3 million
C) $15 million
D) $17 million

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