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Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498Economics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0073511498 Exercise 7
If competition places discipline on costs, motivating firms to innovate and find more cost-effective ways to produce, explain why in some markets a single firm without competitors will produce at a lower cost than if the firm faced competition.
Explanation
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GDP:
GDP refers to the market value of ...
Economics 1st Edition by Dean Karlan,Jonathan Morduch
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