Country size matters in determining the effectiveness of domestic and foreign competition on pricing behavior in manufacturing. Removing barriers to entry of new firms reduces markups more in large countries, while removing barriers to imports reduces markups more in small countries

Country size matters in determining the effectiveness of domestic and foreign competition on pricing behavior in manufacturing. Removing barriers to the entry of new firms reduces markups more in large countries, while removing barriers to imports reduces markups more in small countries.Actual...

"Consumption expenditures by households in the United States acccount for about 70% of America's GDP. The primary focus in this book is on how households adjust these expenditures in response to changes in prices and income." -- Back cover