Free Market and Perfect Competition
This book provides a simple methodology to examine the deviations from Perfect Competition equilibrium condition, where the price level is set equal to the marginal cost. It empirically tests time series data to inform policymakers of how far the economy, or an industry is moving away from Perfect Competition, and in which di......
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This book provides a simple methodology to examine the deviations from Perfect Competition equilibrium condition, where the price level is set equal to the marginal cost. It empirically tests time series data to inform policymakers of how far the economy, or an industry is moving away from Perfect Competition, and in which direction.
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