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Suppose there are two types of consumers, frail consumers, F , and robust consumers, R. There are 80% of frail and 20% of robust consumers

Suppose there are two types of consumers, frail consumers, F , and robust consumers, R. There are 80% of frail and 20% of robust consumers in the the economy. The consumer is either sick or health. Frail consumers are sick 60% of the time. Robust consumers are sick only 20% of the time

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