Candy Store
A payoff table for a Candy store is shown below. 
The following prior probabilities are assigned to the states of nature: P(s1)= 0.2,P(s2)= 0.6,and P(s3)= 0.2.
-{Candy Store Narrative} What is the expected payoff with perfect information?
Definitions:
Dumping
The practice wherein an exporter sells products in a foreign state for less than the price charged for the same or comparable goods in the exporter’s home market.
Auto Parts Industry
Refers to the sector of the economy focused on the manufacturing, distribution, and retailing of vehicle parts and accessories.
Significantly Lesser Price
A sale or transaction price that is considerably lower than the usual or market value.
Franchisor
The owner of the trade name or trademark in a franchise.
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