Quarterly Journal of Austrian Economics
Author:
Ludwig von Mises
Online Publish Date:
however, sharp indeed. But the only means for a monopolist to find out whether a policy of restraint will be more favorable to him than selling at the competitive it. We see therefore many abortive attempts to embark upon a monopolistic price policy which the reaction of the public frustrates. The Imperfect Monopoly Let us is forced in his pursuit of a policy of monopoly prices to take into account the policies of his rivals. Each seller must consider each move in view of the possible