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The elasticity is an important measure impacting on a form's revenue. Hence, it is important for a firm to know how the … condition at the new price. In this context, the measure of elasticity indirectly reflects how the buyers will react to the … change in price and the new price to come. This implies that the elasticity of the product becomes a crucial measure to …
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Firms’ market power, measured by markups, has risen substantially and unequally across sectors. To evaluate the … markup elasticity of monetary non-neutrality in the United States equals 1. Second, the markup elasticity of monetary non …
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A recent theoretical literature highlights the role of endogenous firm entry as an internal amplification mechanism of … business cycle fluctuations. The amplification mechanism works through the competition and the variety effect. This paper tests … the significance of this amplification mechanism, quantifies its importance, and disentangles the competition and the …
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