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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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Neue Institutionenökonomik: Anwendung auf Religion, Banken und Fußball

Aloys Prinz, Albert Eelke Steenge, Alexander Vogel - 2001 - 271 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...occasion indeed, but for any considerable time together.' Therefore, society should be safeguarded against the propensity of private enterprise to monopolistic...
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Business, Consumer and the Government: An Economic and Legal Perspectives ...

Murali Prasad Panta - 2001 - 348 páginas
...production".12 Adam Smith contented himself with distinguishing competition from monopoly by its consequence "the price of monopoly is upon every occasion, the highest which can be got the price of free Competition is a big stick that enforces order and fair- play. It is a self-policing...
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Understanding and Solving Environmental Problems in the 21st Century: Toward ...

R. Costanza, S.E. Jorgensen - 2002 - 346 páginas
...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" (Smith, 1970, p. 164). Citizens of developed countries currently hold 97% of global patents, and even...
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Classical Macroeconomics: Some Modern Variations and Distortions

James C. W. Ahiakpor - 2003 - 254 páginas
...commodities are continually gravitating." Smith also contrasts a monopoly price with the natural price thus: The price of monopoly is upon every occasion the highest...on the contrary, is the lowest which can be taken, upon every occasion indeed, but for any considerable time altogether. The one is upon every occasion...
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Ecological Economics: Principles And Applications

Herman E. Daly, Joshua Farley - 2004 - 454 páginas
...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" (p. 164). "Monopoly, besides, is a great enemy to good manage4The regulations actually put a moratorium...
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Adam Smith: Selected Philosophical Writings

Adam Smith - 2004 - 247 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...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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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 - 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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