At some point they had to stop growing because the marginal cost of production was too high
HEDGE | The Economics of the New Age
Nicolas Colin

Are you sure about that? Federal Reserve’s Alan Blinder seems to have come to a different conclusion. “The overwhelmingly bad news here (for economic theory) is that, apparently, only 11 percent of GDP is produced under conditions of rising marginal cost.” (Alan Blinder, Asking About Prices, p. 102)

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