Abstract
This paper argues that, in the absence of indivisibilities, the expansion of an industry cannot generate economies of scale unless individual firms introduce the same change s in the way they carry out their activities. In the absence of some plausible focusing device, there is no good reason to expect this to happen.
Original language | English |
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Pages (from-to) | 454-458 |
Number of pages | 5 |
Journal | Economic Journal |
Volume | 103 |
Publication status | Published - Mar 1993 |