The Influence of Marginal Buyers on Monopolistic Competition

Abstract

Two extreme views of marginal buyers, 121.— Professor Hotelling's case, 122.— Professor Chamberlin fails to recognize their importance, 122.— Another view of the same situation, 123.— Effect on his conclusions, 126.— Another possibility under differentiation of product, 129.— A further stage: competitors still more numerous, 132.— Conclusions, 134.