Fiam projects revenue of 22468 million if their competitors, Ask an Expert

Economics

Fiam projects revenue of $2,246.8 million if their competitor's production is unchanged. Further, Fiam Industries faces altered total cost due to potential government regulations. They believe that new regulations will be imposed with a probability of 0.09. These new regulations will result in a total cost of $1,711.9 million.If the regulations remain unchanged, then Fiam projects a total cost of $1,234 million. Calculate Fiam's expected profit. Round your answer to one decimal.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91867920

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