What are the non-price determinants of supply?

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1108785

2026-04-18 07:10

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This depends on the model and supply function used. Generally, the variability in supply will depend on at least a few others factors: 1) the level of technology; 2) resource constraints; 3) institutional and legal restraints on production; 4) externalities in production; 5) the nature of the good itself (is it public, private, rivalrous, non-rivalrous, etc.).

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