Tom Weisskopf asked what would explain the fact that, despite
the lower cost of producing Nikes etc., the price hasn't fallen
and monopoloy profits arebeing made despite
potential competition.
One wonders if this does not fit very nicely into Sweezy's
kinked (oligopoly) demand curve where, despit
Tom Weisskopf asked what would explain the fact that, despite
the lower cost of producing Nikes etc., the price hasn't fallen
and monopoloy profits arebeing made despite
potential competition.
One wonders if this does not fit very nicely into Sweezy's
kinked (oligopoly) demand curve where, despit
