A learning curve effect is a qualitative model of the belief that the new products should cost less as more are produced.

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The learning curve effect is a concept that suggests that as more units of a product are produced, the workers become more efficient, leading to a decrease in the time and cost required to produce each unit. It is not specifically about the belief that new products should cost less but rather an observation of efficiency improvements over time.

A Learning Curve Effect Is a Qualitative Model of the Belief