Re: Re: Re: Re: Re: Re: Re: Re: Re: My Take on Competition

[Michael Perelman]

Because Capitalist A, facing little or no competition, can earn more than
Capitalists A and B together.

Carrol Cox wrote:

> Doug Henwood wrote:
>
> > Technical progress, protected by IP restrictions, may boost the
> > profit rate,
>
> I'm not sure I follow this. IP restrictions protect Capitalist A from
> having his/her product ripped off by Capitalist B. How does it
> increase the whole profit of Capitalist A + Capitalist B?
>
> Carrol

--
Michael Perelman
Economics Department
California State University
Chico, CA 95929

Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]