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Monopolistic Competition a)When a company launches a product with a new technology (for example a tennis racquet that tracks the whole match and gives you
Monopolistic Competition
a)When a company launches a product with a new technology (for example a tennis racquet that tracks the whole match and gives you data about your performance) in a Monopolistic Competition market influences the demand of the competitors regular racquets?
b)Explain the effects of the introduction of the new-technology on other firms in the tennis racquets market.
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