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n the O-Ring theory by Kremer, the level of output depends on the quality of the skill level, q, in this country. The figure below
n the O-Ring theory by Kremer, the level of output depends on the quality of the skill level, q, in this country. The figure below shows income as the skill level, q, rises from zero to one. One curve shows the case when there are 10 tasks in the production process and the other curve shows when there are 20 tasks
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Economics
Authors: Roger A. Arnold
11th edition
1133561675, 978-1133561675
