There are two propositions: a) I flip a coin. If it is heads, you are paid$3; if it is tails, you are paid$0. It costs you$1 to participate in this proposition. You may do so at any level, or repeatedly and the scale of the payoff accordingly. b) You may keep your money in your pocket(earning no interest). Here is a third proposition: c) I flip the coin three times. If at least two of the flips are heads, you are paid$27; otherwise 0. How much is this proposition worth

Walmart and target are the only stores in a remote town that currently stock and sell the playstation 5 video game console. managers at both stores are simultaneously deciding whether to charge a price of $1,000 or $1,500 for each console. if both stores charge $1,000, they earn a profit of $100,000 each. if both stores charge $1,500, they earn a profit of $200,000 each. if one store charges $1,000 and the other store charges $1,500, the store that charges $1,000 earns a profit of $250,000 and the firm that charges $1,500 earns a profit of $50,000. if walmart and target they can both charge $1,500 and earn the highest combined profit available. engage in spirited price competition collude with each other privately undercut each other after making an agreement compete with each other only with regard to price and not quantity compete with each other only with regard to quantity and not price