Joseph Shumpeter Archives — LIRNEasia


The colloquium notes Lara Alawattegama (LA): Monopoly means ‘a market with a single supplier’ Why a monopoly happens: 1. No close substitutes 2. Legal barriers to entry 3. Resource barriers 4. Unfair competition -predatory pricing Rohan Samarajiva (RS) : Lack of competition leads to monopolies.