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I. Introduction, 395.—II. The model, 397.—III. Competitive entry and long-run equilibrium, 402.—IV. Welfare analysis of industry equilibria, 405.—V. Conclusion, 408.
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Glenn C. Loury (Wed,) studied this question.
synapsesocial.com/papers/6a120feff7bd4f5c7da5c1bb — DOI: https://doi.org/10.2307/1883165
Glenn C. Loury
John Brown University
The Quarterly Journal of Economics
Northwestern University
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