c. Now suppose the price drops from p to pr. If everyone assumes that the network size

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c. Now suppose the price drops from p to pr. If everyone assumes that the network size remains fixed at N1

, illustrate how many more computers will be sold. Why can this not be an equilibrium in the same way that our previous situation was an equilibrium?

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Microeconomics An Intuitive Approach With Calculus

ISBN: 9781337335652,9781337027632

2nd Edition

Authors: Thomas Nechyba

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Question Posted: Nov 06, 2024 02:00 AM

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c. Now suppose the price drops from p to pr. If everyone assumes that the network size

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Microeconomics An Intuitive Approach With Calculus

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