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The Profit Rate as a Measure of Monopoly Power

Joe S. Bain
The Quarterly Journal of Economics
Vol. 55, No. 2 (Feb., 1941), pp. 271-293
Published by: Oxford University Press
Stable URL: http://www.jstor.org/stable/1882062
Page Count: 23
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The Profit Rate as a Measure of Monopoly Power
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Abstract

The meaning of monopoly, 271.--The problem of measurement, 272.--Theoretical excess profits as indicators of monopoly, 273.--The problem of defining the rate of excess profit, 275.--Definition of the rate for a short fiscal period, 277.--The quantity of assets which a competitive firm will hold, 281.--The relation of the accounting to the theoretical rate of profit, 289.--The accounting profit rate as a measure of monopoly power, 291.

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