Question
One of the characteristics is that firms produce identical products at a constant marginal cost . From your reading of chapter 9, do experimental
One of the characteristics is that "firms produce identical products at a constant marginal cost". From your reading of chapter 9, do experimental and empirical studies support this prediction? What is the conclusion of those studies?
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Macroeconomics
Authors: Glenn Hubbard, Anthony Patrick O'Brien, Matthew P Rafferty
1st Edition
978-0132109994, 0132109999
