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We solve for an S-shaped schedule for market size for a new product that undergoes gradual widespread adoption. We hypothesize that the speed of market expansion is positively related to the current profit per unit being produced. In a mature market the unit profit is relatively low.
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the effective features and performances needed for an innovation thus resulting in more affordable and sustainable … outcomes. Arguably, frugality might play a decisive role in ecological material transition as technology-driven innovation …
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