Titlebook: Readings in Industrial Economics; Volume Two: Private Charles K. Rowley (David Dale Professor of Economi Textbook 1972Latest edition Charl

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Output of the Restrained Firms and may even be pushed beyond optimum (in the Paretian sense) as a result of sales at prices below marginal cost. This prediction of excess monopoly output, even in restrained or regulated situations, is the opposite of what we generally expect.