A software firm sells two apps, “NoteIt” and “CalcIt,” to st…

A software firm sells two apps, “NoteIt” and “CalcIt,” to students and accountants. Market research identified two representative consumers, Janet and Jack, with the following maximum willingness-to-pay (WTP). The marginal cost of producing and distributing the apps is zero (MC=0). Fixed costs are also zero. Willingness-to-pay Data: NoteIt (WTP) CalcIt (WTP) Janet $400 $50 Jack $300 $80 a) Assume the firm can charge different prices to different consumers for the same product. Describe the profit-maximizing pricing strategy and calculate the total profit. b) Now, assume regulations prevent price discrimination (the firm must charge the same price to all consumers for a given product). Analyze potential pricing strategies and determine the best strategy to maximize profit based on the information provided. Calculate the resulting maximum profit.