Long-term military competition, past, present, and future: remarks before the USAFA-RAND Conference on National Security Economics

Long-term military competition, past, present, and future: remarks before the USAFA-RAND Conference on National Security Economics

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Like a firm facing competition, the Department of Defense (DOD) must decide how to produce a given output at minimum cost, the quantity of what output to be produced, and what outputs should be produced. To do the latter DOD must periodically assess ...