| Dictionary, Encyclopedia and Thesaurus - The Free Dictionary 3,894,950,626 visitors served. |
Dictionary/ thesaurus | Medical dictionary | Legal dictionary | Financial dictionary | Acronyms | Idioms | Encyclopedia | Wikipedia encyclopedia | ? |
Atomistic Competition |
0.01 sec. |
|
|
Atomistic Competition A situation in which perfect competition exists because of the existence of many small companies. Because there are so many companies, no one is able to dominate the market or set prices. This results in low profits but also low cost for clients or consumers. Many believe atomistic competition to be ideal, though it rarely exists in practice. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
|
| Mentioned in | ? | References in periodicals archive | ? | Financial browser | ? | Full browser | ? | |||
|---|---|---|---|---|---|---|---|---|---|---|
No references found | 4) It also implies accepting another of Schumpeter's prescripts: that sometimes one large firm is best, when that firm can produce most cheaply (and, as Schumpeter noted, internalize the benefits of research and other ideas, which have free rider problems and will be underproduced in Adam Smith's world of pinmakers) (5) To put it otherwise, atomistic competition may not be as efficient as other market structures. It would seem more appropriate to attempt to list the conditions under which no price discrimination occurs: perfectly open markets, perfect information about prices on the part of consumers, no transactions costs, and a constant-cost industry structure--that is, precisely the conditions required for perfect or atomistic competition. Katz (2004, 19) argues that this price threshold was implemented in the past by public policies that sought atomistic competition (For example the Robinson Patman Act 1936 in the United States), but that such an approach is anachronistic. |
Atomistic Competition |
atomisation atomisation atomise atomise atomise Atomised Atomised Atomised atomiser atomiser atomiser atomiser Atomisers Atomisers Atomisers Atomisers atomises atomises atomises atomising atomising atomising atomism atomism Atomism (logical) atomist atomist atomist theory atomistic atomistic Atomistic Competition atomistic theoryatomistical atomistically Atomistics Atomistics Atomists Atomists Atomiswave Sit Down atomization atomization atomization atomization Atomizdat atomize atomize atomize atomize atomized atomized atomized Atomized individualism Atomized individualism Atomized individualism atomizer atomizer atomizer atomizer atomizer burner atomizer mill Atomizers | |||||||
| Financial Dictionary |
| Free Tools: |
For surfers:
Free toolbar & extensions |
Word of the Day |
Help
For webmasters: Free content | Linking | Lookup box | Double-click lookup |
|---|