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Economics of Network Industries (Faculty)
Question
1 / 20
Suppose that all technologies have the same duration. Then the frequency of technology revolutions (or new-technology adoption), denoted by f is
f ≝ 1/Δ(g+λ).
f ≝ Δ/ λ
f ≝ λ/Δ.
f ≝ 1/Δ.
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