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Factor Dominance and Long-Run Equilibrium Scale.
- Source :
-
Journal of Economic Education . Win 1998 29(1):65-71. - Publication Year :
- 1998
-
Abstract
- Examines two classes of production functions in which the long-run competitive equilibrium scale of the firm increases when the relative price of the dominant factor decreases. Compares these with a third class of production functions where the equilibrium scale is independent of the relative price of the dominant factor. (MJP)
Details
- Language :
- English
- ISSN :
- 0022-0485
- Volume :
- 29
- Issue :
- 1
- Database :
- ERIC
- Journal :
- Journal of Economic Education
- Publication Type :
- Academic Journal
- Accession number :
- EJ557555
- Document Type :
- Journal Articles<br />Reports - Descriptive