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Increasing Returns to Scale and Perfect Competition

This is a good question that requires some understanding of the concepts of internal and external economies of scale, as well as perfect competition. Let me try to explain it in simple terms. Internal ...
user27075's user avatar
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What downside is there to making the USD the national currency for your country?

The previous answer is absolutely correct, but if I may put it in slightly more ELI5-ish terms, the main problem for countries trying to make the USD their national currency is ensuring that they ...
mbensass's user avatar

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