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Subadditivity

Subadditivity logo #10101) Mathematical analysis
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Subadditivity

Subadditivity logo #21000 The negative of a subadditive function is superadditive. ==Economics== Subadditivity is an essential property of some particular cost functions. It is, generally, a necessary and sufficient condition for the verification of a natural monopoly. It implies that production from only one firm is socially less expensive (in terms of average costs) than...
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