Monopoly

Tönu Puu
Additional contact information
Tönu Puu: Umeå University, Centre for Regional Science

Chapter 6 in Attractors, Bifurcations, & Chaos, 2003, pp 239-260 from Springer

Abstract: Abstract Traditional microeconomic theory deals with two basic market types: Perfect competition and monopoly. In the case of perfect competition individual firms are assumed to be so small in comparison with the entire market that they cannot noticeably influence market price on their own; they just note the current price and react accordingly with respect to their supply. Only the supply of all the numerous firms together becomes a force on the market strong enough to determine the price in a balance with the demand of all the likewise numerous and small households.

Keywords: Periodic Point; Chaotic Attractor; Demand Curve; Critical Line; Profit Function (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-540-24699-2_6

Ordering information: This item can be ordered from
http://www.springer.com/9783540246992

DOI: 10.1007/978-3-540-24699-2_6

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().