Market Structure before the Age of Big Business: Concentration and Profit in Early Southern Manufacturing
- 1 January 1975
- journal article
- Published by Cambridge University Press (CUP) in Business History Review
- Vol. 49 (3) , 312-336
- https://doi.org/10.2307/3113064
Abstract
This study finds that the average degree of concentration in southern industrial markets was high in the period 1850–1860. Although the potential for monopolistic control existed, the authors argue, it does not appear to have been exploited systematically to gain rates of return exceeding those in less concentrated industries.Keywords
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