The law of friendly societies, and industrial and provident societies, with the acts, observations thereon, forms of rules etc., reports of leading cases at length, and a copious index

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Identifikator:: 1892063557

Document type:: Multivolume work

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Deutsche Geschichte

Place of publication:: Berlin

Publisher:: Gaertner

Year of publication:: 1891-

Collection:: Economics Books

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Volume

Identifikator:: 1892072254

URN:: urn:nbn:de:zbw-retromon-237894

Document type:: Volume

Author:: Lamprecht, Karl http://d-nb.info/gnd/118569015

Title:: Neueste Zeit

Volume count:: Abt. 3

Place of publication:: Berlin

Publisher:: Weidmann

Year of publication:: 1907

Scope:: XII, 539 S.

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Multivolume work

Structure type:: Chapter

Title:: Drittes Kapitel. Beginnender Realismus

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-

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