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1. Consider the price discrimination example we discussed in the class. A firm produces two goods, with one being a downgraded (worse) version of the

1. Consider the price discrimination example we discussed in the class. A firm produces two goods, with one being a downgraded (worse) version of the other. Suppose that each good has zero cost of production. There are N (even) consumers. Half of the consumers have high valuations: their valuation of good 1 is 100, and of good 2 is vH

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