Re: [OPE] Why Markets Fail

From: Michael Perelman <>
Date: Tue Nov 11 2008 - 18:46:11 EST

I agree with Anders' take on competetion. One other point.

The way I explain it to my classes is that product competition is
deflationary. Competitive pressure from the input side (higher wages or
resource costs) is not & can still push business to do better.

Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail michael at
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Received on Tue Nov 11 18:55:09 2008

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