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Slides Michael R Ward UTA 2014 Today Syllabus What the Course is About What this Book is About The One Lesson of Business Econ 5313 Oil Lease Bidding A young geologist was preparing a bid recommendation for an oil tract in the Gulf of Mexico His expertise and the information at hand led him to recommend a bid of 5 million Instead a senior manager bid 20 million far over the next highestbid of 750000 What if anything is wrong
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