tag:blogger.com,1999:blog-1735628051336217048.post4815532982282175798..comments2024-02-24T04:08:30.728-05:00Comments on MV=PQ: A Resource for Economic Educators: This Is So Cool....Tim Schillinghttp://www.blogger.com/profile/09159198592921510105noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1735628051336217048.post-89711953124677453562009-06-09T09:19:35.643-04:002009-06-09T09:19:35.643-04:00i love this blog so pardon me as i comment more......i love this blog so pardon me as i comment more...suppose that the industry approaches a constant cost...that means that the only ways businesses can compete is by cutting the price...as the price decreases, profits naturally erode...in the case of the auto industry this is a classic case of Bertrand equilibrium....Anonymoushttps://www.blogger.com/profile/10077171881600190717noreply@blogger.comtag:blogger.com,1999:blog-1735628051336217048.post-91180839391310250792009-06-08T15:42:38.554-04:002009-06-08T15:42:38.554-04:00i'm shocked at how much of the productive proc...i'm shocked at how much of the productive process was completed by robots...my point is, if robots are building the cars, then the industry is approaching constant cost "driving" competitors out of the industry...germany engineering is fantastic but the ideas were probably hatched in the united states...Anonymoushttps://www.blogger.com/profile/10077171881600190717noreply@blogger.com