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Unformatted text preview: valued users. 8. Analyzed market Efficiency ( MV = MC) 9. Derived consumer surplus value. (CSV = MV Price) 10. Analyzed the increase in CSV resulting from a price decline. 11. Network effects the extent to which an individual consumers demand for a good is influenced by other individuals purchases A. Bandwagon effect a positive network effect B. Snob effect a negative network effect 12. The Basics of Demand Estimation A. Experimentation B. Surveys C. Regression Analysis...
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This note was uploaded on 02/11/2012 for the course ECON 251 at USC.