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2.How do entrants and incumbents compete in an industry undergoing technological change? What do differences in the type of change (consider both value-driven substitution and

2.How do entrants and incumbents compete in an industry undergoing technological change? What do differences in the type of change (consider both value-driven substitution and Christensen-like disruption) imply for how these cohorts compete over time? Under what conditions will incumbents survive and prosper? Under what conditions will entrants prosper?

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