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Now consider a different market in which there are just two consumers who both live for two periods. Consumer H has a valuation of the
Now consider a different market in which there are just two consumers who both live for two periods. Consumer H has a valuation of the use of the refrigerator in each period of VH (their maximum willingness to pay for services in one period). The other consumer, consumer L, has a period-period valuation of VL for the service of the
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