THE CONCISE ENCYCLOPEDIA OF ECONOMICS LIBRARY OF ECONOMICS LIBERTY SEARCH BROWSE AUTHOR CATEGORY APPENDIX INDEX 1ST EDITION FREQUENTLY ASKED QUESTIONS FAQS SEARCHING ECONLIB RESOURCES CONTACT QUOTE OF THE DAY BIRTHDAYS NEWSLETTER FULL ECONLOG ECONTALK BOOKS ENCYCLOPEDIA GUIDES MONOPOLY GEORGE EDITION ENTERPRISE THE ONLY SELLER GOOD THE ABSENCE GOVERNMENT INTERVENTION FREE PRICE CHOOSES THE PRICE YIELDS LARGEST POSSIBLE NEED THAT FACE THE MARKET SO SMALL BARELY IN FACT COMPETITIVE EXPECT ENTREPRENEURS ENTER THE BUSINESS CAPTURE THE HIGHER ENOUGH RIVALS COMPETITION DRIVE PRICES DOWN MONOPOLY POWER PERIOD THE CLASSICAL PEOPLE BELIEVED PROCESS MONOPOLIES ERODED COMPETITORS THE GOVERNMENT BELIEF EXCELLENT ARTICLE THE PENNY CYCLOPEDIA SEEMS THE WORD NEVER ENGLISH EXCEPT ROYAL GRANT PERSONS IN OR SELL CERTAIN COMMODITY NUMBER INDIVIDUALS WERE TO UNITE PURPOSE PARTICULAR SHOULD SELLING ALMOST POPULAR LANGUAGE SAID TO ADVANTAGE THE LAW CLEAR ENDURING THE UNITED STATES REST ON GOVERNMENT POLICIES GOVERNMENTS SUPPORT AGRICULTURAL ABOVE EXCLUSIVE OWNERSHIP CABLE TELEVISION OPERATING SYSTEMS PUBLIC UTILITIES RADIO TV CHANNELS POSTAL GOES ON AND ON EXIST INDEPENDENT GOVERNMENT SMALLNESS MARKETS DRUGGIST IN TOWN LEADERSHIP INNOVATION ALUMINUM COMPANY OF AMERICA WORLD WAR OBJECT ECONOMIC ARGUMENT MIGHT CHARGE BE WITH CUSTOMERS SEEM NO REASON SIMPLY TRANSFER WEALTH NO WAY THE MORE PRODUCER WEALTH TRANSFER MORAL THE TRANSFER ITSELF PRESENT ECONOMIC PROBLEM CASE AGGREGATE ECONOMIC WELFARE BETTER OFF EQUAL MONOPOLIST LEVEL ORDER REAP BUY LESS SOCIETY CONSIDER THE CASE PRODUCT FIXED COST COST RATE OF RETURN THE COST NO MATTER HOW MANY UNITS DEPENDS DEMAND SCHEDULE TABLE LIMITS PRODUCTION CALL ECONOMIC RENT MINUS RATE OF RETURN ON INVESTMENT TIMES MONOPOLY PROFIT FAIR RETURN THE CAPITAL INVESTED POSITION QUANTITY VALUE THE EXTRA DO NOT FALL LET US AVERAGE VALUE CONSUMER GAIN SATISFACTION COMPETITIVE PRICE COVER COSTS BENEFIT SOCIETY TO THE TUNE OF PRODUCE HAVE TO CUT THE OTHER REDUCTION CONSUMERS IN OTHER WORDS CREATE THE DESIRE THE STATE COMBAT CONTROL THE SHERMAN ANTITRUST LAW ANTIMONOPOLY POLICY WAS TO IMPULSE THE BRITISH EAST INDIA COMPANY TRADE THOUGHT SOURCES MARKET DOMINANCE SUPERIOR OPERATE BENEFIT PROTECTED POTENTIAL TRADITIONALLY IDENTIFIED THE EXISTENCE MUCH MORE TOWARD ANTITRUST POLICIES VIEW MONOPOLY AND COMPETITION DEVELOPMENT OF THE CONCEPT PERFECT COMPETITION VAST THE IDENTICAL INDUSTRIES CLASSIFIED OLIGOPOLIES ONES SURELY MARKET POWER ALONE COLLUSION RECENTLY RISK ENTHUSIASM POLICY FEAR OF DECLINING USES WHICH THAT PREVENT PRICE DISCRIMINATION COMPANIES CHARGING USED TO LIMIT RIVALRY INCREASE ANTITRUST LAWS USEFUL VERTICAL VERTICAL MERGER COMPANY FAVORITE TOOL LEGAL BUCCANEERS PRIVATE SUIT PLAINTIFFS AWARDED TRIPLE DAMAGES DANGEROUS EXCESSIVE PROFITS EVIDENCE LIMITED RATES OF RETURN LARGE NUMBER DEGREE CONCENTRATED SHARE INDUSTRY SALES THE RELATIONSHIP BETWEEN PROFITABILITY CONCENTRATION LESS THAN PERCENT VARIATION PROFIT RATES ATTRIBUTED ILLUSTRATION THE EFFECT REUBEN STUDY UNDERWRITING STATE AND LOCAL GOVERNMENT INVESTMENT BANKERS THE RIGHT ISSUE BONDS THE STATE OF CALIFORNIA SEEK INVESTORS SPREAD THOUSANDS BOND ISSUES SIZE SAFETY KESSEL THE PATTERN TWENTY PERFECT INCREASING FROM ONE SUFFICIENT WHAT IT SMALL NUMBER CLOSE TOUGH WISHES BROAD THE AMERICAN PUBLIC THE THIRD PUBLIC OWNERSHIP NONE ANTITRUST DIVISION OF THE DEPARTMENT OF JUSTICE BUDGET THE FEDERAL DEFENDANTS FACE HUNDREDS CASES PROBABLY SPEND MOREOVER SLOW TAKES PRACTICE REACH ANTITRUST CASE THE BREAKUP TELEPHONE TELEGRAPH JUDICIAL ADMINISTRATION REGULATION CHOICE IN AMERICA BEGINNING THE CREATION INTERSTATE COMMERCE COMMISSION MUNICIPAL TAXICABS ICE RATHER HIGHER OWNERS REASON NEW YORK CITY TAXI MEDALLIONS SOLD ONE POINT TAXI MEDALLION WORTH SEAT THE NEW YORK STOCK EXCHANGE NATURAL MONOPOLIES FIRM EFFICIENT DESIGN OPERATION FAMOUS THEOREM COMPETITIVE ENTERPRISE ECONOMY INCOME STOCK REAL ECONOMY EXACT CONDITIONS REAL ECONOMIES SHORT IDEAL DIFFERENCE MARKET FAILURE SMALLER THAN POLITICAL FAILURE POLITICAL REST THEORETICAL ADVANTAGES THE ACTUAL RIVAL NATURAL MONOPOLY DAVID HENDERSON KIND CAUSED COMES ECONOMIES OF SCALE FIRMS OUTPUT MULTIPLE CANNOT FULLY EXPLOIT BELIEVE ELECTRIC POWER EXAMPLE NEED TO EXISTING IF ONLY DUPLICATION EVERYONE CUSTOMER WHETHER CONTROVERSIAL THE NATURAL MONOPOLY PRICE WANT MUST UTILITIES COMPETE GENERATION WIND SOMETIMES ELSEWHERE STRONG INCENTIVE BESIDES COMPETING ENTERING THE LOCAL LEGALLY REALLY COMPETITOR WANT TO ANYWAY ON THE OTHER HAND UNDESIRABLE EITHER WAY ENTRY THE CHARLES DISTINGUISHED SERVICE THE UNIVERSITY OF CHICAGO DIRECTOR THE CENTER FOR THE STUDY OF NOBEL PRIZE IN ECONOMICS EDITOR ALTERED FACTS ORIGINAL THOUGHTS FINAL DRAFT READING SCOTT ROBERT RELATIVE EFFICIENCY REGULATED JOURNAL OF PUBLIC ECONOMICS LETS PLAY WALL STREET ANTHONY AIDAN JOURNAL OF LAW AND ECONOMICS THE ANTITRUST PARADOX BASIC BOOKS ARNOLD RESOURCE ALLOCATION AMERICAN ECONOMIC REVIEW BOND MARKET JOURNAL OF POLITICAL ECONOMY WILLIAM CAUSES REVIEW