DOMESTIC AND FOREIGN COMPETITION AND THE DEGREE OF MONOPOLY — A NOTE

Abstract

It is often stated that profits, which in the long‐run and under perfect competition are supposed by theory to be approaching the “normal rate”, reflect by their observed interfirm diversity different competitive conditions in the demand or the supply side of the market or both. For this reason, it is expected that profits are associated with the degree of competition.

Citation

HITIRIS, T. (1977), "DOMESTIC AND FOREIGN COMPETITION AND THE DEGREE OF MONOPOLY — A NOTE", Journal of Economic Studies, Vol. 4 No. 1, pp. 45-51. https://doi.org/10.1108/eb002466