The Theory of Oligopoly

P. J. Curwen

Chapter Chapter 6 in The Theory of the Firm, 1976, pp 39-40 from Palgrave Macmillan

Abstract: Abstract We have argued in the course of the preceding sections that neither the model of perfect competition nor that of monopoly reflects adequately the reality of present-day industrial organisation. In practice most industries appear currently to be characterised by competitive behaviour which typically reflects elements of both models. We have also seen that the model of monopolistic competition provided a worthy attempt to trace out a middle path, but that it also foundered largely on the basis of the unreality of its assumptions.

Keywords: Empirical Data; Traditional Theory; Perfect Knowledge; Competitive Reaction; Competitive Behaviour (search for similar items in EconPapers)
Date: 1976
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DOI: 10.1007/978-1-349-15645-0_6

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