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But under those circumstances a rational firm will stop investing in cost-cutting measures at all, since the benefits will go not to it but to consumers, thanks to the steady ratcheting down of the price cap.
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Mr Becker pointed out that although competition from more rational firms might gradually eliminate corporate discrimination, market forces alone would rarely erode discrimination rooted in the tastes of workers or consumers.
At another point, Greenspan said that his faith in Wall Street's ability to regulate itself was based on his assumption that rational firms would not expose themselves to self-destructive risks.
From the standpoint of new Keynesian economics, Greenwald and Stiglitz [8] as well as Bernanke and Gertler [3] pointed out that the investment and output of rational firms depend on the firms' balance sheet factors under an imperfect capital market.
Be rational and firm with your physician.
Though rational at the firm level, industry-wide it created a glut.
However, these reputations change only slowly over decades, so slowly that no rational for-profit firm would invest in maintaining them.
Rational workers and firms should assess the risk of floods or the like and migrate, raising the productivity of the destination locations as they arrive.
In this literature, productivity-wage gaps are thought to be rational strategies of firms to address a range of market distortions (Lazear and Shaw 2007).
This paper provides an explanation for low quality of service through examining the rational responses of firms (utility providers) to subsidy policy.
Colbert's reorganization generally gave New France firm and rational government, which was strongly centralized and efficient for the times.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com