e. Suppose next that the oil industry is very large compared to the coal industry, so large
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e. Suppose next that the oil industry is very large compared to the coal industry, so large that the change in wages in the oil industry is imperceptibly small. Are any workers better off as a result of the safety innovation in coal mines?
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Microeconomics An Intuitive Approach With Calculus
ISBN: 9781337335652,9781337027632
2nd Edition
Authors: Thomas Nechyba
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