1. Suppose a consumer has a search cost k = $4, and they know the distribution of prices from which they are searching. They search sequentially, deciding aer each price found whether to purchase or continue searching. Consider their behavior under two different price distributions: PD#1: 86, s7, 88, 310, 812, 813, $14 PD#2: s4, 86, 88, $10, 812, 814, 816 a. Compute, for each price distribution, the largest price they would nd during a search and then stop searching. (In other words, they would keep searching if they found a higher price than this.) b. The two price distributions have the same average, $10. Why don't they imply the same search behavior? Which price distribution leads to more search, and why do you think that is