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ERIC Number: EJ458443
Record Type: Journal
Publication Date: 1992
Pages: N/A
Abstractor: N/A
Reference Count: N/A
ISSN: ISSN-0022-0485
Consistent Comparisons between Monopoly and Perfect Competition.
Skeath, Susan E.; And Others
Journal of Economic Education, v23 n3 p255-61 Sum 1992
Identifies inconsistencies in treatments of the perfect competition, monopoly welfare comparison in textbooks for economics instruction. Argues for explanation of how experiments are being conducted and explicit identification of all underlying assumptions. Suggests straightforward analysis of the social cost of monopoly based on a comparison between two long run equilibria under comparable cost conditions. (DK)
Publication Type: Journal Articles; Reports - Descriptive
Education Level: N/A
Audience: Teachers; Practitioners
Language: English
Sponsor: N/A
Authoring Institution: N/A