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질문 내용 :
Moreover, other developments pushed in the opposite direction. In particular, exposure to international competition continued to intensify for the tradables sector and by the 1980s the degree of market power in manufacturing in European countries was fairly similar to that in the United States. And European countries also moved in the direction of deregulation of product markets, as is shown in Table 2, albeit noticeably more slowly than the United States. Given the existence of agency problems in firms, deregulation of product markets and greater competition can be expected to speed up the adoption of new technologies. Econometric evidence suggests that had European countries deregulated more energetically this would have been positive for TFP growth너무 어렵습니다 ㅜㅜㅜ 도저히 무슨말인지 한개도 모르겠어요... 제발좀 도와주세요 ㅜㅜ