The Relative Merits of Average Cost Pricing, Marginal Cost Pricing and Price Discrimination
The Quarterly Journal of Economics · 1951 · Volume 65 · Issue 3
Abstract
Introduction, 342. — I. Theoretical development, 343; constant cost, 344; decreasing cost, 345; increasing cost, 353. — II. Electric light and power industry, 355. — III. The railroads, 363. — IV. The telephone industry, 369. — V. Conclusion, 371.
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