Market Structure before the Age of Big Business: Concentration and Profit in Early Southern Manufacturing*

Fred Bateman and Thomas Weiss

Business History Review, 1975, vol. 49, issue 3, 312-336

Abstract: This study finds that the average degree of concentration in southern industrial markets was high in the period 1850–1860. Although the potential for monopolistic control existed, the authors argue, it does not appear to have been exploited systematically to gain rates of return exceeding those in less concentrated industries.

Date: 1975
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