On the definition of monopoly and selection of product characteristics

V. Kerry Smith

Research output: Contribution to journalArticle

1 Scopus citations


This paper considers the implications of the definition of monopoly for models of firm behavior in the selection of product variety. The results suggest that one's conception of a monopoly structure can influence the conclusions derived on the implications of market structure for product characteristics.

Original languageEnglish (US)
Pages (from-to)11-15
Number of pages5
JournalEconomics Letters
Issue number1
StatePublished - 1981


ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics

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