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Price Theory pp 276-293 | Cite as

Monopoly

  • W. J. L. Ryan
  • D. W. Pearce
Chapter
  • 13 Downloads

Abstract

A monopoly market will be said to exist when there is one seller and many buyers of a homogeneous commodity. Because of this dominance of the market by one seller, we shall discover that a monopolist has power to fix the price for the product he sells.

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Copyright information

© W. J. L. Ryan and D. W. Pearce 1977

Authors and Affiliations

  • W. J. L. Ryan
    • 1
  • D. W. Pearce
    • 2
  1. 1.University of DublinEireIreland
  2. 2.University of AberdeenUK

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