Download or read book Cost of Production and Price Over Long and Short Periods (Illustrated) written by Frank Hyneman Knight and published by . This book was released on 2017-08-27 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Great difficulties are met with in stating a clear and straightforward exposition of price theory because of the fact that the given conditions or data of the problem are so different according to the length of the time period which the explanation takes into account. The forces which immediately regulate prices are different from those which ultimately control, and there are degrees or stages in both immediateness and ultimateness."...