Competition as a Dynamic ProcessBrookings Institution, 1961 - 501 páginas It examines the dynamic character of modern competition, appraises the inadequacies of equilibrium theory and suggests a new approach to the study and interpretation of competitive activities in the economy. |
Contenido
PRELIMINARY SURVEY | 1 |
HOW OUR THINKING ABOUT COMPETITION TOOK SHAPE | 24 |
Page | 25 |
Derechos de autor | |
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Términos y frases comunes
advantage advertising Alfred Marshall amount appears average cost behavior brand buyers capital Chap competitive pressures competitors concept consumer cost curves cross-elasticities customers demand function economic effective competition efficiency elasticity entry equilibrium existing expanding factors factors of production firm's firms fluctuations forward contracts freight absorption gains ginal homogeneous homogeneous product important incentive increase individual-demand industry and trade innovation involved Joan Robinson kind less limited long-run materials methods mill price minimum monopolistic Monopolistic Competition monopoly natural monopoly nomic normal oligopoly operating optimum output precisionist price leadership problems processes product differentiation profits pure competition question reduced relative response result rivals Robinson-Patman Act sales volume scale sellers selling effort short-run marginal cost sort standard substantial substitute sumers suppliers supply supply and demand tend tendency theoretical theory tion tive units unused capacity wages