Question
Why do ideas cause a production function to be increasing returns to scale? Why is perfect competition a problem in motivating the production of ideas?
Why do ideas cause a production function to be increasing returns to scale? Why is perfect competition a problem in motivating the production of ideas? What structures can help with this?
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Macroeconomics
Authors: Charles I. Jones
3rd edition
978-0393123944, 393123944, 393923908, 978-0393923902
