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he Bottom Line
This example satisfies the necessary conditions:
- No hidden coststhe efficient devices deliver exactly
equivalent service (and longer lifetimes).
- Parameter specification is based on the latest market
and survey data.
- Correct accounting for time lags our review of
historical market shares provides strong evidence that state standards
were the sole driving force behind changes in market shares.
We therefore conclude that market imperfections inhibited
the adoption of efficient magnetic ballasts. |