Monopoly and Resource Allocation, is the first attempt to measure the social cost of monopoly

Economics Feb 06, 2022

Monopoly and Resource Allocation, is the first attempt to measure the social cost of monopoly. He concluded that the total social costs of monopoly in the U.S. were percent of economic output (GDP). Dennis Mueller's 1978, only about 0.1 Dennis Mueller's 1978, more than 4 Arnold Harberger's 1954, only about 0.1 Arnold Harberger's 1954, more than 4 Augustin Cournot's 1838, about 1