reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always … productivity, to a Marxian zone where they paradoxically decline with productivity. This is because as consumption of a given good … increases, the price elasticity of demand falls, and markups increase to infinity as consumption reaches the unit elasticity …

reaches a bliss point at a finite consumption level of that good. On the other hand, introducing new varieties always … productivity, to a "Marxian" zone where the paradoxically decline with productivity. This is because as consumption of a given good … increases, the price elasticity of demand falls, and markups increase to infinity as consumption reaches the unit elasticity …