The Theory of Market Pre-emption: The Persistence of Excess Capacity and Monopoly in Growing Spatial Markets

摘要: It was not inevitable that it [Alcoal should always anticipate increases in demand for ingot and be prepared to supply them. Nothing compelled keep doubling redoubling its capacity before others entered the field. insists never excluded competitors, but we can think of no more effective exclusion than progressively embrace each new opportunity as opened, face comer with already geared into a giant organization ... .I