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From the Wired Business Conference, Disruptive by Design. Apologies for the screwed up font; it didn't look that way on stage.

Business Technology

“ In a competitive market, price falls to the marginal cost.” Lesson: Round Down Joseph Bertrand, 1883

1963: $1.05 $100 The Fairchild 1211 transistor 1965: $1.05 $1.05 1967: ------ $0.50 RCA tube 1211

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