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A long run need for a product extends the benefits of repetitive purchases, and due to this truth enhances its persistence over time. For instance, for centuries there was a repetitive should buy horseshoes. Ultimately, other modes of transportation changed the horse as one of the major engines of human motion over prolonged distances, and the repetitive need for the services of the blacksmith was severely diminished. For years, the reply to the long run nature of “smithy services” was needed. But in some unspecified time in the future, it was not wanted.
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