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

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.

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Year of publication:	1977
Authors:	HITIRIS, T.
Published in:	Journal of Economic Studies. - MCB UP Ltd, ISSN 1758-7387, ZDB-ID 1480042-1. - Vol. 4.1977, 1, p. 45-51
Publisher:	MCB UP Ltd

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Type of publication:	Article
Type of publication (narrower categories):	review-article
Language:	English
Other identifiers:	10.1108/eb002466 [DOI]
Source:	Other ZBW resources

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