Monopoly and Anti trust

Walter E. Block and Ivan Jankovic
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Walter E. Block: Loyola University New Orleans
Ivan Jankovic: University of Mary

Chapter 8 in Action and Choice, 2022, pp 121-135 from Springer

Abstract: Abstract There are three theories of monopoly, one of which makes sense; it is coherent, it is rational; everyone and his uncle can recognize such a situation precisely for what it really is. It is too bad that the same cannot be said of the other two. What are these alternatives? First, this concept refers to government grants of special privilege to some, but not all. Second, having a high concentration ratio in a given industry, or, geographical area. Third, achievement of a monopoly price.

Date: 2022
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DOI: 10.1007/978-981-19-3751-4_8

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