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Quarterly Journal of Economics Vol. 49 No. 1 1934

What is Perfect Competition?

Joan Robinson

University of Cambridge

Abstract

Two notions often lumped together, 104.— The idea of normal profits, 106.— Not connected with perfect competition, 107.— Two levels of normal profits, 108.— Conditions necessary for perfect competition: the character of the market, 112; the number of firms selling in the market, 114.— The assumption that the output of other firms remains unchanged, 117.— Conclusion, 119.

DOI
10.2307/1883878
Volume
49
Issue
1
Pages
104
Sources
openalex crossref

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