Chris, a market researcher, offers Somik his services for $1 M. Somik believes that Chris' information has an accuracy of 60% and is symmetric. Should Somik hire Chris for his services?
a. Yes, because Chris' information is economic.
b. No, but he would hire Chris if the charge were $500 K.
c. No, because Chris' information is not material to Somik's decision.
d. You need more information to answer this question.
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