An article in the Los Angeles Times about driverless trucks stated, Trucking will likely be the first

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An article in the Los Angeles Times about driverless trucks stated, “Trucking will likely be the first type of driving to be fully automated—meaning there’s no one at the wheel.” The article added that there is a financial incentive for automating trucks because “trucking is a $700-billion industry, in which a third of costs go to compensating drivers.” How are driverless trucks likely to affect costs to businesses of transporting goods? How are they likely to affect the short-run aggregate\ supply curve and the long-run aggregate supply curve?

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Economics

ISBN: 978-0134738321

7th edition

Authors: R. Glenn Hubbard, Anthony Patrick O Brien

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