The market structure of the US economy.
Publication Date: 01-MAY-07
Publication Title: International Advances in Economic Research
Format: Online
Author: Abdel-Raouf, Fatma

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Description

JEL L10

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Shepherd ("Causes of Increased Competition in the U. S. Economy, 1939-1980," Review of Economics and Statistics, 64, 1982) examined the market structure of the US economy. Shepherd finds 76.7% of the US economy is effectively competitive, 18% is tight oligopoly, 2.8% is dominant firm, and 2.5% is pure monopoly. Over the ensuing decades, the US economy witnessed some...



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