(ii) If [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII], a small industry locally converges to the MTGP technology level of the rest of the economy.
In a MTGP setting, the monopolist's only control variables are the price of the intermediate good and R&D spending.
BGP: Balanced Growth Path GDP: Gross Domestic Product MTGP: Medium-Term Growth Path doi: 10.1111/ecin.12096
The ratio of net profits to entry costs, which is unity along the MTGP, is thus [MATHEMATICAL EXPRESSION NOT REPRODUCIBLE IN ASCII], where [beta] is the ratio of R&D costs to monopoly rents.
As part of the celebration of Southwest's MTGP milestone anniversary, MOC will perform special concert performances for Southwest customers to enjoy at Los Angeles (LAX), Nashville (BNA), and Atlanta (ATL) airports.
Since the MTGP's inception in 2007, more than 59,000 complimentary roundtrips, valued at more than USD 23m, have been distributed to organizations in 28 states.