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THE CONCEPT OF EXCESS CAPACITY
SELLING COST AND QUALITY COMPETITION
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adjustment amount appears apply assume assumption average become capital cent certain competitive concentration consequence consider considerable constant continued cost debt decline degree of utilisation demand depends determined differential difficulties distribution economic effect entrepreneurs equation equipment establishments example excess capacity existing expansion expected explain fact factors fall figures firms follows function funds further gearing ratio given greater gross hand important included income increase industries influence internal accumulation investment issues labour lead less limit long run manufacturing means measured methods obtained oligopolistic output period plant positive possible practice probably profit margins profit rate proportion question rate of growth rate of profit reason reduced relation relative remains result rise savings selling selling costs share of wages steel Table technical term theory types value added various whole workers yield