"A colleague saw the same model-calibrating the elasticity of demand facing a Cournot oligopolist as a function of the number of firms in the industry--described at the University of Chicago and at M.I.T. A Chicago economist derived the formula and said, "Look at how few firms you need to get close to infinite elasticities and perfect competition." An M.I.T. economist derived the same formula and said, "Look at how large n has to be before you get anywhere close to an infinite elasticity and perfect competition.""

-- Matthew Rabin

#Numbers Quotes #Perfect Quotes #Competition Quotes

“Just as composers go to concerts and artists visit galleries, writers read. You will learn, in the most enjoyable way, more about style and language from reading good literature than you will ever acquire from workshops and how-to books.”

Source : Judith Barrington (2002). “Writing the Memoir”
“I am not afraid of an army of lions led by a sheep; I am afraid of an army of sheep led by a lion.”
“If we are serious about providing upward mobility and building a skilled workforce, pre-school is the place to begin.”
“Opportunities present themselves every day - to everyone. You just have to be alert and ready to act.”
“Gone for a while Hoping, always, to return If you will let me”
“I try to write from a really honest place when I write pop music and carry the song into a more deep and more symbolic visual”
“The best ideas start as conversations.”

Source : "DM25 What Next for Design? with Jonathan Ive". Interview with Deyan Sudjic, designmuseum.org. November 12, 2014.
“I was also very concerned about protecting my family”

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