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Use the following to answer the Questions
Suppose that the continuous distribution of voters' ideal points is the bent solid line below.
-Assume that Candidate A and Candidate B's policy positions are 1.5 and 2.5. If Candidate C enters at 1, what fraction of the vote does the winner receive?
Hurdle Rate
The minimum rate of return on a project or investment required by a manager or investor.
Rate of Return
The gain or loss of an investment over a specified period, expressed as a percentage of the investment's cost.
Return on Investment
A performance measure used to evaluate the efficiency or profitability of an investment, calculated as the net profit divided by the initial cost.
Annual Revenue
The total income generated by a business, organization, or individual within a fiscal year from its operations.
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