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After producing 10 millikn versions of its new smartphone PhoneLand discovers that due to a manufacturing...

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Economics

After producing 10 millikn versions of its new smartphone PhoneLand discovers that due to a manufacturing ocersight some of the phones may catch fire if left in a car on a hot day. While the worst case finance impact from the phones catching fare is 10million jn damages recalling and repairing the phones will bankrupt the company. As the director how would you advise the corporation considering both the financial return and any related ethical concerns?

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