Political economy

Bibliographic data

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

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

MONOPOLY 103 been admitted with advantage into the principles of payment for certain public and semi-public services. Doctors, for instance, frequently charge patients of different classes on different scales. Jt now remains to discuss the principle applied in the settlement of discriminative charges, when they are possible. It is exactly the same as the principle of the single monopoly charge, but its application is more complicated. The monopolist tries to fix the two or more prices which he finds practicable at such levels that his net returns are maximised. We may think of the monopolist as dealing in two markets. In each market he fixes the price which will be the most profitable, regardless of the price obtained in other markets, except in so far as the quantity of sales in both markets taken together must be considered because of its bearing on cost of pro duction. It will be instantly realised how exceedingly improbable it is that the most profitable price in the one market should be identical with the most profitable price in the other. In the one it might pay to sell a large quantity at a low price, whereas in the other, in view of the different circumstances of the community served, it

Access restriction

Copyright

fullscreen: Political economy

Monograph

Table of contents

Download

Monograph

This page

Image fragment

Citation links

Citation recommendation