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[PEN-L:2442] Re: Economies of scale:



The idea of contestable markets goes back to J.B. Clark and the other
promoters of monopolies, cartels, and trusts at the turn of the century.
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 916-898-5321
E-Mail michael@xxxxxxxxxxxxxxxxx


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