The Inefficiency of Marginal-Cost Pricing and The Apparent Rigidity of Prices
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Under conditions of natural monopoly, private contracts or government regulation may attempt to avoid inefficiency by setting up a pricing formula. Once the capital stock is chosen,the right price to charge the buyer is marginal cost. But the point of this paper is that marginal-cost pricing
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美国国家经济研究局创建时间：
1984-05-01
