Political economy

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Monograph

Identifikator:: 867647221

URN:: urn:nbn:de:zbw-retromon-93157

Document type:: Monograph

Author:: Chapman, Sydney John http://d-nb.info/gnd/123743141

Title:: Political economy

Place of publication:: London [u.a.]

Publisher:: Williams & Norgate [u.a.]

Year of publication:: 1912

Scope:: 1 Online-Ressource (255 Seiten)

Collection:: Economics Books

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MONOPOLY (Yßbr un¿ output at home, but to retain price level in the home market by relieving of some supplies even if these supplies when^f sold elsewhere realised only paltry.' J From the point of view of the monopolist’s policy, there is nothing to prevent the price of dumped surpluses from dropping to any in significant figure, but, as a matter of fact, they will not sell for less than the price which rules in the foreign market when they invade it. This price, nevertheless, might be beneath a figure which would leave any profit at all for the monopolist were he forced to sell his whole output at that particular price. Another kind of dumping, which has excited a degree of apprehension quite out of propor tion to its magnitude, in all probability, consists in producing an excessive supply in order to sell substantial quantities abroad at a material sacrifice for advertising pur poses, or in order to oust competitors. It is questionable whether this game is worth the candle in view of the enormous foreign sales which are requisite to get a hold on a foreign market, and consequently of its enormous cost. It might be well worth the expense were it a fact that competitors could be easily put to flight and that their rallying to compete again within a moderate time would be a

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