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Perverse supply response in the Liberian mining sector (English)

Abstract

Under neoclassical assumptions, and the usual ceteris paribus stipulations, a profit maximizing firm is expected to increase production in response to rising prices. These situations normally produce the rather well-known upward sloping supply curve for... See More +

Details

  • Grahamm Errol G.;
  • 2013/10/01
  • Policy Research Working Paper
  • WPS6663
  • 1 of 1
  • Liberia
  • Africa
  • 2013/01/01
  • Perverse supply response in the Liberian mining sector
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