157 Pages
79 B/W Illustrations
by
Routledge
157 Pages
79 B/W Illustrations
by
Routledge
Also available as eBook on:
The Free Market is a fundamental building block, a precondition of a free society. Increasingly, we are witnessing monopolistic and competitive monopolistic behavior, and a growing government intervention in the market, e.g., taxes, subsidies, tariffs, and rules and regulations. Such interventions, along with unexpected exogenous shocks, affect the prices and the costs of goods and services. This... Read more
1. Introduction, Definitions, the Research Problem and Objectives 2. Microeconomic Theory of Perfect Competition 3. Measuring the Deviation from Perfect Competition: Macroeconomic Data 4. The US Industry-Level Deviations from Perfect Competition 4. Testing Industry Level Perfect Competition in the US 5. Cross Country Comparison of Perfect Competition 6. Summary and Conclusion
Biography
Weshah Razzak is Honorary Research Fellow at the School of Economics and Finance, Massey University, Palmerston North, New Zealand.
