Consider the model of software variety determination under a monopoly hardware firm analyzed in Section 3.2. Calculate
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Consider the model of software variety determination under a monopoly hardware firm analyzed in Section 3.2. Calculate the software variety when the monopoly sets its price at the level p = ω/4, then p = ω/2, and lastly p = ω. Conclude how an increase in the hardware price affects the variety of software available for this machine. Explain!
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