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Question 2 You are analyzing the market for the software produced by the rm Dewey, Fleecum and Howe (DFH). Assume that, if consumers don't buy
Question 2 You are analyzing the market for the software produced by the rm Dewey, Fleecum and Howe (DFH). Assume that, if consumers don't buy the software, they get utility zero. If they do buy the software, it can either be good (9), in which case they get a utility of 10, or bad (b), in which case they get utility -10. Let pg be the probability that the software is good. 1. Show that, with no further information, if a consumer buys the product, they will get utility of 100,0:g 1) And use this to gure out the minimum value of ,us such that they will buy the software
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