If competition places discipline on costs, motivating firms to innovate and find more cost-effective ways to produce,

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If competition places discipline on costs, motivating firms to innovate and find more cost-effective ways to produce, explain why in some markets a single firm without competitors will produce at a lower cost than if the firm faced competition.

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Microeconomics

ISBN: 978-1259163531

1st edition

Authors: Dean Karlan, Jonathan Morduch

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Question Posted: Nov 27, 2015 02:21 AM

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If competition places discipline on costs, motivating firms to innovate and find more cost-effective ways to produce,

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Microeconomics

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