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This policy lesson is specific to our model and to the pivotal function of the intensive margin in shaping the diploma of aggregate market power. As mentioned above, our model predicts a persistent fall in aggregate TFP (although in an
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With nearly half 1,000,000 models offered, it has 2.7% of the market. 120.5 billion in 2015. And by 2015, America’s craft brewers had captured 12 % of the general beer market by volume; in 2010, their share was simply 4.9