*Historically, the real costs of transporting both goods and people have declined substantially. What impact do lower...

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*Historically, the real costs of transporting both goods and people have declined substantially. What impact do lower transportation costs have on the market power of individual producers? Do you think the U.S. economy is more or less competitive today than it was 100 years ago? Explain.

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Microeconomics Private And Public Choice

ISBN: 9781305506893

16th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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