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LONG‐RUN AVERAGE COST CURVES IN THE ENGLAND AND WALES DAIRY INDUSTRY ‐ REPLY

L. J. Hubbard

Journal of Agricultural Economics, 1993, vol. 44, issue 3, 507-508

Abstract: Burton, Ozanne and Collinson (1993) present an interesting comment on the issue of long‐run average cost (LAC) in the dairy industry. Since their results essentially substantiate the conclusions of Hubbard (1993), the following points are offered as further thoughts which may be of relevance in any subsequent analysis and estimation.

Date: 1993
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