Understanding competitors and competition

Essay specific features

 

Issue:

Psychology

 

Written by:

Brandon S

 

Date added:

June 25, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 322

 

Was viewed:

7449 times

 

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Essay content:

This microeconomic structure endogenously determines the extent of the traded sector and the composition of consumption baskets in both countries. Exogenous shocks to aggregate productivity, sunken entry costs, and trade costs induce firms to enter and exit both their domestic and export markets, thus altering the composition of consumption baskets across countries over time1...
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The microeconomic features have important consequences for macroeconomic variables. Macroeconomic dynamics, in turn, feed back into firm level decisions, further altering the pattern of trade over time. The aggregate picture of world economic growth shows a remarkable diversity in growth performance, both geographically and across time...
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