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Thr THE LARGE CORPORATION 38
THE PROMOTION OF COMPETITION
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Absolute-cost barriers advertising agreements Alcoa aluminum antitrust laws automobile average barriers to entry behavior brands buyers capital cent Chapter cigarette collusive companies competitors concentrated industries concentration ratios corporations cost curve customers decisions demand curve diversified earn economic theory economists effect efficient elements of market enforcement entrant entry barriers evidence factors of production firm's going firms high barriers important increase industrial organization industry's inefficiency innovation John Kenneth Galbraith large firms largest level of concentration level of seller manufacturing industries market conduct market performance market power market share market structure maximize mergers monopolist monopoly profits multinational national market oligopolistic oligopoly output patent patterns plant potential Predatory price price discrimination price leadership price theory product differentiation profit rates public enterprise public policy pure competition regulation regulatory retail rivals scale economies sectors sell seller concentration Sherman Act steel strategies tend tion United vertical integration