That hypothesis was introduced in 1939 by Paul Sweezy in a paper about demand under this condition, which suggests that any participant in one of these envisions two different demand schedules for its output.
A 1947 study by George Stigler analyzed this type of situation and called into question the curve primarily associated with this entity. That hypothesis was introduced in 1939 by Paul Sweezy in a paper about demand under this condition, which suggests that any participant in one of these envisions two different demand schedules for its output. Edward Chamberlin proposed a model to understand these situations, which was a revision of the solution outlined by the French economost Antoine Cournot. FTP, name this market situation in economics in which there are a few non-collusive, independent sellers.
A 1947 study by George Stigler analyzed this type of situation and called into question the curve primarily associated with this entity.
oligopoly