Tuesday , May 17 2022
Home / Don Boudreaux /Bonus Quotation of the Day…

Bonus Quotation of the Day…

Summary:
… is from page 37 of the original, 1982 edition of Dominick Armentano’s excellent but regrettably neglected volume Antitrust and Monopoly: Anatomy of a Policy Failure (original emphasis): It is only because consumers find resources satisfactorily allocated that potential competitors find entry difficult or impossible. Product differentiation, especially a differentiation that increases prices, can act as a barrier to entry only if consumers prefer that differentiation, and are willing to pay the presumably higher prices associated with, say, new annual auto style changes.

Topics:
Don Boudreaux considers the following as important: ,

This could be interesting, too:

Don Boudreaux writes Some Non-Covid Links

Don Boudreaux writes Bonus Quotation of the Day…

Don Boudreaux writes Quotation of the Day…

Don Boudreaux writes Bonus Quotation of the Day…

… is from page 37 of the original, 1982 edition of Dominick Armentano’s excellent but regrettably neglected volume Antitrust and Monopoly: Anatomy of a Policy Failure (original emphasis):

Bonus Quotation of the Day…It is only because consumers find resources satisfactorily allocated that potential competitors find entry difficult or impossible. Product differentiation, especially a differentiation that increases prices, can act as a barrier to entry only if consumers prefer that differentiation, and are willing to pay the presumably higher prices associated with, say, new annual auto style changes.

Don Boudreaux
He is a professor of economics at George Mason University in Fairfax, Virginia. Previously, he was president of the Foundation for Economic Education.

Leave a Reply

Your email address will not be published. Required fields are marked *