The main sources of increasing returns in recent years are ( a ) the use of more
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The main sources of increasing returns in recent years are
( a ) the use of more specialized inputs as firms grow, ( b ) the spreading of development costs, ( c ) simultaneous consumption by consumers, ( d ) network effects, and
(e) learning by doing. Increasing returns mean higher productivity and lower per-unit production costs.
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Related Book For
Economics Principles Problems And Policies
ISBN: 9780073511443
19th Edition
Authors: Campbell Mcconnell ,Stanley Brue ,Sean Flynn
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