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firms in the long-run do not experience diminishing marginal returns then why do some industries have upward-sloping
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assume that litigation will cost the plaintiff 100 and the defendant 100 assume that settling out of court is free sc0
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alice has convex preferences over consumption bundles containing goods x and y where x y is the consumption bundle
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suppose there are 200 identical firms in a perfect competitive industry moreover assume that each firm has the