Industrial Market Structure and Economic Performance |
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Page 238
... price above the limit price P ( but below the short - run profit - maximizing price ) , earning ( somewhat constrained ) monopoly profits while it can , and letting its market share steadily decline . Its optimal price will gradually ...
... price above the limit price P ( but below the short - run profit - maximizing price ) , earning ( somewhat constrained ) monopoly profits while it can , and letting its market share steadily decline . Its optimal price will gradually ...
Page 243
... limit pricing . In recognizing these problems , we must also be aware that even when oligopolists mutually prefer to adopt an entry - limiting price policy , the desired price may not be attained or maintained . Through miscalculation , the ...
... limit pricing . In recognizing these problems , we must also be aware that even when oligopolists mutually prefer to adopt an entry - limiting price policy , the desired price may not be attained or maintained . Through miscalculation , the ...
Page 257
... limit pricing strategy is as credible as the plant proliferation strategy . Should entry occur despite the $ 20.1625 price , Firm A's profits will fall to $ 56,870 - less than under the 40 - mile space - packing strategy . They will be ...
... limit pricing strategy is as credible as the plant proliferation strategy . Should entry occur despite the $ 20.1625 price , Firm A's profits will fall to $ 56,870 - less than under the 40 - mile space - packing strategy . They will be ...
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