Examlex
Why might network externalities result in products that contain inferior technologies?
Good Y
A hypothetical or generic item used in economic examples or models to represent a type of product or service in the market.
Units
Basic quantities or measures adopted to quantify and express variables in a particular field or for specific goods.
Marginal Rate of Substitution
The rate at which a consumer is willing to give up one good in exchange for another good, while maintaining the same level of utility.
Good Y
A generic term used to denote a particular good or product in economic models.
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