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The Long-Run Supply Curve: Some Factors Affecting Its Shape, Eugene Darrel Pauley
The Long-Run Supply Curve: Some Factors Affecting Its Shape, Eugene Darrel Pauley
Fort Hays Studies Series
Since so much importance is attached to the price mechanism in the economic system, it is only natural that a large body of economic theory is concerned primarily with explaining how prices are determined. This writer is concerned with only one rather small phase of this body of theory--some of the influences affecting long-run supply. We are interested here in the behavior of the seller or supplier of a commodity.