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THE EQUILIBRIUM OP AN OLIGOPOLISTIC GROUP OP FIRMS
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active price competition adoption analysis arbitrage assume assumption average revenue base price basic product basing point system Bfrs carriage costs cartels centres of production competing firms competitive conditions competitive equilibrium constraint consumer consumer surplus cost of carriage cross-hauling delivered price applies delivered price systems discriminatory delivered prices distance distant buyers equal European Communities factory prices Figure l(a geographical area geographical price gross demand curves industries isolated firm located Loescher manufacturer marginal cost marginal revenue market shares maximize profits means of transport Mougeot natural market non-uniform discriminatory delivered obtained oligopolies oligopolistic Pareto optimum perfect information perfect market phantom freight possible price leadership price reductions processors Section sell seller set a uniform single basing point spatial configuration spatial context spatial differentiation Spatial Price Discrimination spatial pricing techniques straight line systematic freight absorption territory Thionville trade flows transport costs uniform delivered price uniform fob price welfare economics Zone prices