Cost-Minimizing Number of Firms and Determination of Industry Structure
- 1 August 1978
- journal article
- Published by Oxford University Press (OUP) in The Quarterly Journal of Economics
- Vol. 92 (3) , 439-467
- https://doi.org/10.2307/1883153
Abstract
I. Introduction, 439.—II. Least-cost number of firms in a multiproduct industry, 441.—III. Shape of the M locus: economic interpretation, 446.—IV. Regions in which some specified number of firms may be optimal, 450.—V. Scale of demand and cost-minimizing market form, 454.—VI. The single-product case, 455.—VII. Conclusion, 460.—Appendix A: Proof of Theorem Ib, 462.—Appendix B: Proof of Theorem 3, 464.Keywords
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