## Abstract Innovation enables monopolists to lower their costs, expand their outputs, and reduce their prices. It is conventional to conclude that social welfare unambiguously increases as a result. Assuming linear demand and marginal cost, this paper shows, however, that innovation raises the opp
Opportunities, innovations and the environment
β Scribed by Alan Skull
- Publisher
- Elsevier Science
- Year
- 2008
- Weight
- 57 KB
- Volume
- 2008
- Category
- Article
- ISSN
- 1351-4210
No coin nor oath required. For personal study only.
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