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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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The President's Energy Message and S. 1570: Hearing Pursuant to S. Res. 45 ...

United States. Congress. Senate. Committee on Interior and Insular Affairs - 1973 - 862 páginas
...their emoluments . . . greatly above the natural rate. "The price of monopoly is upon every occaison the highest which can be got. The natural price, or...on the contrary, is the lowest which can be taken . . . The one is upon every occasion the highest which can '*• squeezed out of the buyers, or which,...
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Hearings, Reports and Prints of the Senate Committee on Interior and Insular ...

United States. Congress. Senate. Committee on Interior and Insular Affairs - 1973
...their emoluments . . . greatly above the natural rate. "The price of monopoly is upon every occaison the highest which can be got. The natural price, or...on the contrary, is the lowest which can be taken . . . The one is upon every occasion the highest which can be squeezed out of the buyers, or which,...
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An Inquiry into the Nature and Causes of the Wealth of Nations

Adam Smith - 2008 - 1152 páginas
...monopoly is upon every occasion the higÜMhcan highst which can be got. The natural price, or the be got. price of free competition, on the contrary, is the...every occasion indeed, but for any considerable time altogether. The one is upon every occasion the highest which can be squeezed out of the buyers, or...
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The Evolution of Economic Ideas

Phyllis Deane, Deane Phyllis, Professor of Economic History Phyllis Deane - 1978 - 236 páginas
...maximise output and to minimise long-run costs: 'The natural price, or the price of free competition. . .is the lowest which can be taken, not upon every occasion, indeed, but for any considerable time together.'16 The natural price is then an abstraction which reflects real value in terms of a relationship...
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Adam Smith: Critical Assessments, Volumen1

John Cunningham Wood - 1993 - 857 páginas
...perhaps, the wisest of all the commercial regulations of England" (ibid., IV. ii |Cannan, I, 42g|). 98. "The price of monopoly is upon every occasion the highest which can be got" and "the highest which can be squeezed out of the buyers" (ibid.. I. vii (Cannan, I. 63]). 99. "Monopoly,...
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Railroad Antimonopoly Act: Hearings Before the Subcommittee on Monopolies ...

United States. Congress. House. Committee on the Judiciary. Subcommittee on Monopolies and Commercial Law - 1989 - 656 páginas
...proposition that you've got to either have regulation or you've got to have competition. As Adam Smith saySj "The price of monopoly is upon every occasion the highest which can be squeezed out of the buyers or which it is supposed they will consent to give." Railroads have gotten...
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Adam Smith Goes to Moscow: A Dialogue on Radical Reform

Walter Adams, James W. Brock - 1994 - 156 páginas
...is not a new phenomenon. More than two hundred years ago, Adam Smith wrote in The Wealth of Nations: "The price of monopoly is upon every occasion the...which can be got. The natural price, or the price under free competition, on the contrary, is the lowest which can be taken, not upon every occasion,...
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Essays on Economics and Economists

R. H. Coase - 1995 - 222 páginas
...analysis. Another passage which has offended economists is Adam Smith's statement about monopoly price: 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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Modern Political Philosophy

Richard Hudelson - 1999
...commodities offered under conditions of monopoly, where one buyer controls the entire supply of a commodity: "The price of monopoly is upon every occasion the...competition, on the contrary, is the lowest which can be taken."1 To be sure, a seller may, for a period of time, secure a price higher than that necessary...
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The Wealth of Nations: Books 1-3, Libros 1-3

Adam Smith - 1982 - 544 páginas
...problems presented by current 'regulations of police'. Of these, he singled out monopoly powers, since the 'price of monopoly is upon every occasion the highest which can be got' (WN , I.vii.27; 164), and thus unlikely to be regulated by cost of production. He was also a bitter...
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