methodology to the rejection of monopolistic competition as a valid assumption, thus elaborating a point made earlier by George … Stigler in 'Monopolistic Competition in Retrospect' (1949). Both failed to demonstrate that the alternative assumption of … perfect competition would perform better under falsificationist rules. These rules themselves are an expression of the …

to the theory of monopolistic competition. During the 1920s a lively discussion developed about the link between the cost … structure of the individual firm and the degree of competition in the wake of the demise of the Marshallian concept of the … (“external competition”) and the inadequacy of the Cournot solution for spatially differentiated firms that compete with …