Question: A corn farmer has categorized the weather into three possible levels. The weather conditions will affect the timing of the harvest and the associated payoff.

A corn farmer has categorized the weather into
A corn farmer has categorized the weather into three possible levels. The weather conditions will affect the timing of the harvest and the associated payoff. In this situation, the weather conditions are called the Select one: a. payoffs O b. states of nature O c. alternatives d. perfect information

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