Agricultural Economics Research, Vol. 33: April, 1981 (Classic Reprint) - Tapa dura

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Excerpt from Agricultural Economics Research, Vol. 33: April, 1981

Chamberlin differed from Keynes and Robinson, who viewed competition as a special case of general monopoly. Instead, he viewed monopolistic competition as the general case of which pure competition and pure monopoly were each special cases. But he fully agreed that the classical view - that competition was the general, and monopoly, the special case - was unacceptable. All three economists sought a system for which supply and demand curves do not necessarily inter sect in equilibrium and, therefore, for which the supply price is not equal to the demand price.

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