“ If marginal cost falls for the majority of firms, then neoclassical pricing theory can't work--as Blinder acknowledges by saying that The overwhelmingly bad news here (for economic theory) is that, apparently, only 11 percent of GDP is produced under conditions of rising marginal cost.(102)”
“ If marginal cost falls for the majority of firms, then neoclassical pricing theory can't work--as Blinder acknowledges by saying that The overwhelmingly bad news here (for economic theory) is that, apparently, only 11 percent of GDP is produced under conditions of rising marginal cost.(102)”
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Amazon.co.jp: Asking About Prices: A New Approach to Understanding Price Stickiness: Blinder, Alan S.: 本
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