Excerpt from On the Optimality of Allowing Collusion This argument is similar in flavor to the theory of single-price monopoly. The monopolist's Optimum occurs at a point at which price exceeds marginal cost. This result is driven by the wedge existing between marginal revenue and price. In order to sell an additional unit of output, the monopolist needs to lower the price not only of the marginal unit, but of all the units which would have sold at the higher price, as well. About the Publisher Forgotten Books ...
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Excerpt from On the Optimality of Allowing Collusion This argument is similar in flavor to the theory of single-price monopoly. The monopolist's Optimum occurs at a point at which price exceeds marginal cost. This result is driven by the wedge existing between marginal revenue and price. In order to sell an additional unit of output, the monopolist needs to lower the price not only of the marginal unit, but of all the units which would have sold at the higher price, as well. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at ... This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
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PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
Choose your shipping method in Checkout. Costs may vary based on destination.
Seller's Description:
PLEASE NOTE, WE DO NOT SHIP TO DENMARK. New Book. Shipped from UK in 4 to 14 days. Established seller since 2000. Please note we cannot offer an expedited shipping service from the UK.
