Word: monopolists
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Dates: during 1900-1909
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...lectures yesterday evening on "Value in a Regime of Monopoly." "Recent American research," he said, "has obtained the best available answers to the practical questions relating to Trusts. Abstract theory can only suggest some general views. It may be questioned how much the terms given by a monopolist are worse for the public than those which would be obtained, under like conditions, in a regime of competitors where the number of competitors is small. The oppressiveness of monopoly seems to disappear when the system is supposed to become universal: those who suffer as consumers recouping themselves as producers. But theory...