Question: A firm has a learning rate almost equal to 1 (just slightly less than 1). What does this imply for the slope of the learning

A firm has a learning rate almost equal to 1 (just slightly less than 1). What does this imply for the slope of the learning curve in a log-log graph?

a. The slope is close to 0.

b. The slope is close to –1.

c. The slope is close to 1.

d. Cannot be determined from the given information

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