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.
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© 1976 P. J. Curwen
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Curwen, P.J. (1976). The Theory of Oligopoly. In: The Theory of the Firm. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-15645-0_6
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DOI: https://doi.org/10.1007/978-1-349-15645-0_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-18847-7
Online ISBN: 978-1-349-15645-0
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