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2. Faceboook or Google? Suppose there are only two main social media sites in the world, Facebook and Google. Suppose further that initially there was

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2. Faceboook or Google? Suppose there are only two main social media sites in the world, Facebook and Google. Suppose further that initially there was only one: Facebook, but that there was a lot of dissatisfaction with it. For example, complaints ranged from: \"they changed the way the news feed works", \"the privacy settings are awful\(a) While this is not a dynamic situation, the utility functions to this large population interaction are closely related to those given on slide #30 of Lecture 9. As precisely as possible, relate the situation above to the parameters on slide #30. > Consumers: > Two equally likely types of consumers, \"A fans\" and \"B fans\" > \"Myopic\" network size evaluation: > Consumer arriving at t evaluates network based on its size at t (no expectations) > The utility functions of the consumers are as follows: Good A Good B A fans 6A + vn; 63 + vn'B B fans [1A + vntg [.13 + vnta > In the table, n} is the number of users of good j e {A, B} at time t > Assume: v > 0; GA > 63;\" Denote: 6t = n; \"f9

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