Considera company faced with a competitor pro reduction should the company also reduce price in order to maintain market share or should the company maintain to current price? The company has contacted some research showing the financial outcomes of each decision under two computer responses the competition maintains its price or the competition lowest price further. The company forely confident in the comportare lower is mother and assigns that com a probabil (prof 0.7, which means the other outcome would have only 30 percent chance of occurring i-p0.5 These outcomes are shown in the table below Competitive Response Company action Maintain Price Reduce Price 0.7 (1-03 Reduce Pro $10.00 5140.000 Maintain Price $180.000 $120.000 What is the expected value of perfect information (EMV Should the research be conducted? Assume that conducing research 50,000 The time of the price Round to the nearest do Considera company faced with a competitor pro reduction should the company also reduce price in order to maintain market share or should the company maintain to current price? The company has contacted some research showing the financial outcomes of each decision under two computer responses the competition maintains its price or the competition lowest price further. The company forely confident in the comportare lower is mother and assigns that com a probabil (prof 0.7, which means the other outcome would have only 30 percent chance of occurring i-p0.5 These outcomes are shown in the table below Competitive Response Company action Maintain Price Reduce Price 0.7 (1-03 Reduce Pro $10.00 5140.000 Maintain Price $180.000 $120.000 What is the expected value of perfect information (EMV Should the research be conducted? Assume that conducing research 50,000 The time of the price Round to the nearest do