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Get access to the detailed solutions to the previous years questions asked in IIFT exam
Explanation: Arranging the choices in terms of their EV, we get, Choice 2 > Choice 1 > Choice 3.
Option A:
Choice 1 is more profitable than Choice 2
Option B:
Choice 3 is more profitable than Choice 2
Option C:
Choice 3 is more profitable than Choice 1
As we can see, all three options are false. Therefore, option D is the right answer.