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2. Consider a Schumpeteriau mode] with an R&D sector and an increasing product quality: a) Describe the logic and the components of the model (a

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2. Consider a Schumpeteriau mode] with an R&D sector and an increasing product quality: a) Describe the logic and the components of the model (a mathematical description of the model is u_ot required). [14] 13) Why are such models called \"Schumpetariau\"? Discuss this critically. [5]

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