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More on Archibald versus Chicago

In: Readings in Industrial Economics

Author

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  • Milton Friedman

Abstract

Theorists of monopolistic competition contend that firms have a strong tendency to differentiate their product and that, when there are no ‘real’ differences, firms will seek to create trivial and ‘artificial’ differences to establish a separate market. Whatever else Archibald’s piece may contribute to monopolistic competition, it is a striking confirmation that these predictions are as applicable to professional writing as to toothpaste.

Suggested Citation

  • Milton Friedman, 1972. "More on Archibald versus Chicago," Palgrave Macmillan Books, in: Charles K. Rowley (ed.), Readings in Industrial Economics, chapter 11, pages 187-191, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-15484-5_11
    DOI: 10.1007/978-1-349-15484-5_11
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    Cited by:

    1. Kirkley, James E & Squires, Dale, 1999. "Capacity and Capacity Utilization in Fishing Industries," University of California at San Diego, Economics Working Paper Series qt6k91b50v, Department of Economics, UC San Diego.
    2. Kevin Lane & Tom Rosewall, 2015. "Firm-level Capacity Utilisation and the Implications for Investment,Labour and Prices," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 9-18, December.
    3. Salnikov, Vladimir & Galimov, Dmitry & Mikheeva, Olga & Gnidchenko, Andrey & Rybalka, Alexey, 2017. "Russian manufacturing production capacity: Primary trends and structural characteristics," Russian Journal of Economics, Elsevier, vol. 3(3), pages 240-262.
    4. Dale Squires & Kathleen Segerson, 2022. "Capacity and Capacity Utilization in Production Economics," Springer Books, in: Subhash C. Ray & Robert G. Chambers & Subal C. Kumbhakar (ed.), Handbook of Production Economics, chapter 24, pages 1001-1037, Springer.

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