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Consider a product that has network effects in the following sense. Con- sumers are named using real numbers between 0 and 1; the reservation price
Consider a product that has network effects in the following sense. Con- sumers are named using real numbers between 0 and 1; the reservation price (i.e., will- ingness to pay) for consumer x when a fraction z of the population uses the product is given by the formula r(x) f (z), where r(x) = 1 x and f (z) = z
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