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Price Flexibility and the "Degree of Monopoly"

John T. Dunlop

The Quarterly Journal of Economics, 1939, vol. 53, issue 4, 522-534

Abstract: Introduction: two approaches to the problem, 522. — I. Rigidity as a relative concept, 522; as a characteristic of the total system of prices, 524; as an indication of the degree of monopoly, 525. — Measurement of the degree of monopoly, 526. — II. The method employed: average prime costs vs. marginal costs, 527. — The statistical technique, 529. — Analysis of the data, 530.

Date: 1939
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The Quarterly Journal of Economics is currently edited by Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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