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A firm is selling insurance to customers with probability pai of experiencing a loss, where pai is distributed uniformly on the interval [0,1]. If a

A firm is selling insurance to customers with probability pai of experiencing a loss, where pai is distributed uniformly on the interval [0,1]. If a customer experiences a loss, then they have a wealth 5 whereas if a customer does not experience a loss they have wealth 10. Let p be the price of insurance

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