18. the highest value for the equally likely criterion is ; this occurs with alternative states of nature alternatives s1 s2 option 1 $10,000 $30,000 option 2 $5,000 $45,000 option 3 $-4,000 $60,000 a) $20,000; option 1 b) $25,000; option 2 c) $28,000; option 3 d) $32,000; option 3 e) $60,000; option 3

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?