Monopolies And the People; By Charles Whiting Baker
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In our eReader you can find the full English version of the book. Read Monopolies And the People; By Charles Whiting Baker Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Monopolies And the People; By Charles Whiting Baker
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That competition which would spring up in any industry in case an increase in profits called it out, we may call potential competition. The third class is instanced in the letting to the highest bidder a franchise for city water or gas-works, or street-car lines. Here competition acts at a single time to fix the price for perhaps twenty years.
We may call this, for want of a better name, franchise competition. It possesses the evident advantage that it avoids both the waste of competition and t...he fluctuation of prices. It has the disadvantage that, unless the owners of the franchise are held strictly to their contract, quality is apt to be sacrificed ; also that if the purchase is for a term of years, cheapening in processes may result in undue profits to the franchise holders. The discussion of this matter, however, does not properly belong to this chapter.
Arranging in their logical order the laws of competition which we have found, we have the following diagram : (i.) As the waste due to competition increases.
What to read after Monopolies And the People; By Charles Whiting Baker?
You can find similar books in the "Read Also" column, or choose other free books by Baker Charles Whiting to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
That competition which would spring up in any industry in case an increase in profits called it out, we may call potential competition. The third class is instanced in the letting to the highest bidder a franchise for city water or gas-works, or street-car lines. Here competition acts at a single time to fix the price for perhaps twenty years.
We may call this, for want of a better name, franchise competition. It possesses the evident advantage that it avoids both the waste of competition and t...he fluctuation of prices. It has the disadvantage that, unless the owners of the franchise are held strictly to their contract, quality is apt to be sacrificed ; also that if the purchase is for a term of years, cheapening in processes may result in undue profits to the franchise holders. The discussion of this matter, however, does not properly belong to this chapter.
Arranging in their logical order the laws of competition which we have found, we have the following diagram : (i.) As the waste due to competition increases.
What to read after Monopolies And the People; By Charles Whiting Baker?
You can find similar books in the "Read Also" column, or choose other free books by Baker Charles Whiting to read onlineMoreLess
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