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Suppose a firm owns a superior input (relative to all other firms in the industry). The firm sells its product at a premium and reports
Suppose a firm owns a superior input (relative to all other firms in the industry). The firm sells its product at a premium and reports large profits each year.Is this firm necessarily earning economic profits?
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Global Capitalism Its Fall And Rise In The Twentieth Century
Authors: Jeffry Frieden
1st Edition
039332981X, 9780393329810
