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Profit-Maximisation Models: Specific Criticism

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Theory of the Firm

Part of the book series: Macmillan Studies in Economics ((MSE))

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Abstract

Ever since Sraffa made the opening move, perfect competition has been the most harangued of the traditional models. But the others have been criticised too, and in the process the nature of the conditions facing firms in the spectrum of market situations from competition to monopoly has been clarified.

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© 1973 C. J. Hawkins

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Hawkins, C.J. (1973). Profit-Maximisation Models: Specific Criticism. In: Theory of the Firm. Macmillan Studies in Economics. Palgrave, London. https://doi.org/10.1007/978-1-349-01060-8_3

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