11. Capitalism Microeconomics: The political versus the economic concept of monopoly episode artwork

EPISODE · Sep 18, 2020 · 3H 7M

11. Capitalism Microeconomics: The political versus the economic concept of monopoly

from The Capitalist Professor with George Reisman, Ph.D. - Free College Courses on Capitalism · host George Reisman

The monopoly question. The political versus the economic concept of monopoly. Capital requirements and entry “barriers.” The alleged tendency toward universal monopoly. The predatory-pricing doctrine. Marginal revenue and marginal cost. The pure-and-perfect-competition, oligopoly, and monopolistic-competition doctrines. READINGS Reisman: Chapter 10; [Optional: von Mises, Socialism: 361–392]

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11. Capitalism Microeconomics: The political versus the economic concept of monopoly

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