𝔖 Bobbio Scriptorium
✦   LIBER   ✦

THE EXPLORATION AND PRODUCTION OF A LONG-LIVED NATURAL RESOURCE

✍ Scribed by Marion B. Stewart


Book ID
111044261
Publisher
John Wiley and Sons
Year
1979
Tongue
English
Weight
346 KB
Volume
31
Category
Article
ISSN
0026-1386

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Static oligopoly analysis predicts that if a single ΓΏrm in Cournot equilibrium were to be forced to marginally contract its production, its proΓΏts would fall. On the other hand, if all the ΓΏrms were simultaneously forced to reduce their production, thus moving the industry towards monopoly output, e