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Toward measuring monopoly power |
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| Authors: | Robert D Cairns |
| Institution: | 1. Department of Economics, McGill University, 855 Sherbrooke St. W., H3A 2T7, Montreal, Quebec, Canada |
| Abstract: | Some implications of Hyde and Perloff's paper on whether monopoly power can be measured are considered. It is concluded that measuring monopoly power requires a long-run view, with a focus on the implications of product differentiation, and a reliance on accounting data. |
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