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- Title
DISCUSSION.
- Abstract
In his paper, "The Outlook for Effective Competition," Mr. George P. Comer renders a noble service in developing the thesis that effective competition can be secured in the American economy if supported, along with other measures, by a vigorous and unremitting enforcement of the antitrust laws. Mr. Comer's presentation of the patterns of monopoly which now exist in American industry and the world economy furnishes much valuable information on recent trends. Price fixing, the concerted use of pricing for formulas, price leadership with its twin evils of discriminatory price cutting and price rigidity during a business recession, monopolistic combinations and trade organizations, the use of patents for price control, and international cartels bearing on the domestic economy. Surely there is little basis for the point of view expressed in recent publications of the National Industrial Conference Board Inc. and the National Association of Commodity Exchanges that the mere removal of wartime controls will mean a return of free, competitive markets.
- Subjects
UNITED States; MONOPOLIES; UNITED States economy; COMPETITION; INDUSTRIES; ANTITRUST law; PRICE fixing; COMMODITY exchanges; NATIONAL Industrial Conference Board
- Publication
American Economic Review, 1946, Vol 36, Issue 2, p205
- ISSN
0002-8282
- Publication type
Article