Question: Consider the following P-A model with the continuous action and two levels of output. A can choose any level of effort from the non-negative real

Consider the following P-A model with the continuous action and two

Consider the following P-A model with the continuous action and two levels of output. A can choose any level of effort from the non-negative real line. The output x is , with probability p(a) where a is the chosen level of effort, and x,(

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