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signaling function of prices
prices or profit
Is it prices that are the true market information or is it profit? Imagine two industries: luxury sports cars and cancer pharmaceuticals. Lets say that the total revenue of the sports car industry is $1 million and the pharmaceutical industry is $1.1 million. Lets also say that the luxury car company...
Posted to
Economics Questions
(Forum)
by
tir38
on Thu, Dec 17 2009
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