The work of the Stock Exchange

Bibliographic data

Monograph

Identifikator:: 1831284952

URN:: urn:nbn:de:zbw-retromon-225876

Document type:: Monograph

Author:: Meeker, James Edward http://d-nb.info/gnd/126597340

Title:: The work of the Stock Exchange

Edition:: Revised edition

Place of publication:: New York

Publisher:: The Ronald Press Company

Year of publication:: [1930]

Scope:: XVI, 720 Seiten; Illustrationen, Diagramme

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Chapter II. Organized security markets and their economic functions

Collection:: Economics Books

G MONOPOLY 97 receipts, provided that an addition to the output at this point would cause marginal costs to exceed differential receipts, and a reduction of the output would cause differ ential receipts to exceed marginal costs. By marginal costs is to be understood the addition made to aggregate costs by the production of the last increment ; and by differential receipts is to be understood the addition made to the aggregate gross receipts by the sale of the last increment. We must not call the latter “ marginal receipts,” because that term might mean the marginal demand price. It is necessary to remark that there may be outputs other than that yielding the greatest monopoly revenue of which the above statement holds. Any position of which it holds may be called a position of monopoly equilibrium. When there is more than one position of monopoly equilibrium, so defined, the monopolist naturally selects that one which yields him the highest monopoly revenue, provided that he knows of its existence. Thus far we have taken for granted that the commodity can be sold for one price only, but as we shall see later there are circum stances in which it is feasible to impose differential or discriminative charges. How-

Access restriction

Copyright

fullscreen: The work of the Stock Exchange

Monograph

Chapter

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation