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Table 7-6
-Refer to Table 7-6.You have an extra ticket to the Midwest Regional Sweet 16 game in the men's NCAA basketball tournament.The table shows the willingness to pay of the four potential buyers in the market for a ticket to the game.You hold an auction to sell the ticket.Who makes the winning bid,and what does he offer to pay for the ticket?
Contingency Planning
The development of strategies and actions to prepare for and respond to unexpected events or emergencies in order to minimize risk and impact.
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