The Restoration of Pure Monopoly and the Concept of the Industry

作者: Mancur Olson , David McFarland

DOI: 10.2307/1879549

关键词: MonopolyCompetitive industryDemand curveMarket structureEconomicsMarginal costElasticity (economics)Microeconomics

摘要: This paper is designed to show that the concept of ‘pure monopoly’ and ‘industry’ can be given precise theoretical definitions, argue these concepts, which some modern economists reject, deserve prominent places in theory market structure. These concepts have been wrongly rejected, this article argues, because an excessive reliance on elasticity cross-elasticity demand has obscured important aspects structure theory.

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