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" The price of monopoly is upon every occasion the highest which can be got. The natural price, or the price of free competition, on the contrary, is the lowest which can be taken, not upon every occasion indeed, but for any considerable time together. "
Pioneers of Industrial Organization: How the Economics of Competition and ... - Página 10
editado por - 2007 - 352 páginas
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Economics: Microeconomics

Vivien Millane - 2004
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The Squashed Philosophers

Glyn Lloyd-Hughes - 2005 - 436 páginas
...raise their emoluments. whether they consist in wages or profit, greatly above their natural rate. The price of monopoly is upon every occasion the highest...on the contrary, is the lowest which can be taken. The market price of any particular commodity, though it may continue long above, can seldom continue...
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Capitalism's Achilles Heel: Dirty Money and How to Renew the Free-Market System

Raymond W. Baker - 2005 - 288 páginas
...industry, employed in a way in which we have some advantage."22 Monopolies in any form act to raise prices. "The price of monopoly is upon every occasion the...The natural price, or the price of free competition, is the lowest which can be taken."23 Workmen must be free to pursue their chosen skills to the limits...
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The Market

Alan Aldridge - 2005 - 196 páginas
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The Market

Alan Aldridge - 2005 - 167 páginas
...by never fully supplying the effectual demand, sell their commodities much above the natural price The price of monopoly is upon every occasion the highest which can be got' (1976/1776: 78). To operate effectively, the market requires consumer sovereignty: 'Consumption is...
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Liberty: God's Gift to Humanity

Chana B. Cox - 2006 - 285 páginas
...for most of the other citizens of the commonwealth the price of such monopolies is very high indeed. The price of monopoly is upon every occasion the highest...occasion, indeed, but for any considerable time together. The one is upon every occasion the highest which can be squeezed out of the buyers, or which, it is...
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Economics: Principles and Policy

William J. Baumol, Alan S. Blinder - 2005 - 796 páginas
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The Politically Incorrect Guide to Capitalism

Robert P. Murphy - 2007 - 206 páginas
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Economics in Antitrust Policy: Freedom to Compete Vs. Freedom to Contract

Mark Steiner - 2007 - 191 páginas
...structures and thus prices are the result of competition in that sense was first conjured by Adam Smith: "The price of monopoly is upon every occasion the...which can be got. The natural price, or the price from free competition, on the contrary, is the lowest which can be taken [...] for any considerable...
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Free Lunch: How the Wealthiest Americans Enrich Themselves at Government ...

David C. Johnston - 2007 - 323 páginas
...but the lowest possible price. "The natural price, or the price of free competition," Smith wrote, "is the lowest which can be taken, not upon every...occasion indeed, but for any considerable time together. . . . [It] is the lowest which the sellers can commonly afford to take, and at the same time continue...
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