Economies of Scale in Multi-Output Production

John C. Panzar and Robert Willig

The Quarterly Journal of Economics, 1977, vol. 91, issue 3, 481-493

Abstract: I. Introduction, 481.—II. Counterexamples, 482.—III. Economies of scale, 484.—IV. Technological regularity conditions, 487.—V. The profitability of marginal cost pricing, 488.—VI. Concluding remarks, 492.

Date: 1977
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