John Kay
The doctrine of collective dominance is derived from the belief that a concentrated market structure leads to higher prices and higher profits for all firms in that market because it reduces the effectiveness of competition. This doctrine does not imply or require that any particular firm enjoy identifiable market power. Nor does it imply or require that the firms in question collude or co-ordinate their … [ Read more ]
Content: Quotation | Author: John Kay | Source: European Business Forum (EBF) | Subject: Economics
The Role of Business in Society
The view of business as necessarily selfish, narrow and instrumental, is, as it always has been, nonsense. Business which is selfish in motivation, narrow in outlook, and instrumental in behaviour is rarely successful business.
Content: Article | Author: John Kay | Subject: Social Responsibility (ESG)