Incentive for adoption for new versions of product Concept Introduction: Product Differentiation in monopolistic competition . Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes

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Chapter 12, Problem 3QFT

To determine

Incentive for adoption for new versions of product

Concept Introduction:

Product Differentiation in monopolistic competition. Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes

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