Monopoly and Resource Allocation

摘要: One of the first things we learn when begin to study price theory is that main effects monopoly are misallocate resources, reduce aggregate welfare, and redistribute income in favor monopolists. In light this fact, it a little curious our empirical efforts at studying have so largely concentrated on other things. We studied particular industries come up with formidable list monopolistic practices: identical pricing, leadership, market sharing, patent suppression, basing points, on. And also whole economy, using concentration production hands small number firms as measure monopoly. On basis obtained impression some 20 or 30 per cent economy effectively monopolized.