Industrial Market Structure and Economic Performance |
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Page 252
... barriers are modest , their efforts will sooner or later be defeated by the entry of new competition and the erosion of their monopoly power . If they choose to defend or extend their market positions , they must restrain the margin ...
... barriers are modest , their efforts will sooner or later be defeated by the entry of new competition and the erosion of their monopoly power . If they choose to defend or extend their market positions , they must restrain the margin ...
Page 276
... barriers as well as seller concentration . 35 Through extensive interviews and a questionnaire survey , he di- vided his sample of 20 manufacturing industries into three entry barrier height categories , with very high barriers defined ...
... barriers as well as seller concentration . 35 Through extensive interviews and a questionnaire survey , he di- vided his sample of 20 manufacturing industries into three entry barrier height categories , with very high barriers defined ...
Page 277
... barriers . 36 Among the industries with substantial and mod- erate to low entry barriers , the relationship was mixed . Those with substantial barriers were less profitable if highly concentrated , but more profit- able if moderately ...
... barriers . 36 Among the industries with substantial and mod- erate to low entry barriers , the relationship was mixed . Those with substantial barriers were less profitable if highly concentrated , but more profit- able if moderately ...
Contents
A note on methodology | 6 |
Qualifications and doubts | 21 |
Workable competition | 41 |
Copyright | |
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advertising agreements American Economic Review analysis Antitrust policy assets average barriers basing point behavior Business Week buyers capacity capital cartel changes Chapter collusion companies competition concentrated industries concentration ratios conglomerate consumers corporations decisions demand curve dominant firm Economic Journal effect enterprises entrants entry evidence Federal Trade Commission firm's four-firm function growth higher increase Industrial Economics innovation investment Journal of Economics Journal of Industrial Journal of Political less limit pricing long-run manufacturing industries marginal cost market share market structure ment merger monopolistic Monopolistic Competition monopoly power Multi-Plant Operation nations nomic oligopolistic oligopoly optimal output patent percent plant price cutting price discrimination price leadership price-fixing problem product differentiation profit maximization relatively result retail Review of Economics rivals scale economies sellers selling Sherman Act short-run steel strategy studies sumers supra technological theory tion U.S. Steel unit cost variables vertical