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The nature of production is examined for a particular class of economic activeiy at the scale of the region. Average cost conditions at the plant level are specified, from which the long-run average cost curve of the regional industry is derived. Attention is then drawn to certain features of this curve, including the upward-sloping form over part of its length. Consideration is also given to different types of adjustment over various time horizons. Finally, for a regional industry under unified control, long-run equilbrium is specified for alternative forms of competition in the extraregional product market. 相似文献
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《Annals of Public and Cooperative Economics》1939,15(3):611-625
The Report presented by the Director of the I.L.O. to the International Labour Conference (May-June 1939) concludes by an important chapter on the work accomplished during the first twenty years. We take pleasure in reproducing below this exceedingly interesting statement. 相似文献
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