Monopoly power and economic performance;: The problem of industrial concentration (Problems of the modern economy) ebook
by Edwin Mansfield
by Edwin Mansfield (Author).
ISBN 13: 9780393054484.
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Frankenstein; or, The Modern Prometheus. Mary Wollstonecraft Shelley.
Bibliography: p. 209-210. Problems of the modern economy.
Rev. ed. by Edwin Mansfield. Published 1968 by W. W. Norton in New York. Bibliography: p. On cover: Monopoly power and economic performance; an introduction to a current issue of public policy.
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Monopoly was an economic problem that Adam Smith was concerned .
Monopoly was an economic problem that Adam Smith was concerned about in his influential book of economics A Wealth of Nations. For various reasons firms can gain monopoly power – and therefore the ability to set high prices to consumers. Given a lack of alternatives, monopolies can make high profits at the expense of consumers, causing inequality within society. Monopoly power can also be seen through monopsony employers who pay lower wages to their workers. How to deal with the problem of monopoly? – A government may seek to encourage competition, . rail franchising, or price regulation to prevent excessive prices.
Even before the hurricane, price hikes were a problem. have more than doubled in the past few years.
Not only are we getting fewer startups, big companies are also gobbling up small ones and killing them off. Today, many of the new tech startups never get the chance to compete. He blames inequality and technology. Even before the hurricane, price hikes were a problem. It is appalling that such a simple, vital medical supply could be in such short supply in the hands of two companies.
Poland was the first of the former socialist countries to launch a radical programme to transform its economy. The shock therapy, implemented on the 1st January 1990, was intended simultaneously to achieve macro-economic stabilisation and to facilitate the structural adjustment of industry.