If, as in the diagram, the cost surface is trans- ray convex in the interior of the orthant, one would not expect from ... This argument establishes Proposition 9C1 A necessary condition for a firm to produce y in competitive equilibrium is that the anbsp;...
|Title||:||Contestable Markets and the Theory of Industry Structure|
|Author||:||William J. Baumol|
|Publisher||:||Harcourt College Pub - 1988-01-01|