History of Industrial Economics

  1. 2. Competition Knight was instrumental in refining the ______ model
  2. 6. _________ wrote Principles of Economics and also wrote Industry and Trade?
  3. 8. In 1926, ___ questioned the Idea of perfect competition and developed the concept of imperfect market competition.
  4. 13. ___'s work examines the structure of certain British industries in the context of their historical development taking into consideration significant industry trends
  5. 15. the work of Robin Marris was extended further by Galbraith in a quite different framework named ____________
  6. 16. this market structure emerged after product diversification was introduced and focused on power dynamics
  7. 17. the objective of the firm is decided by its _________.
  8. 18. Newman and Morgenson Who coined the term industrial economics for the first time?
  1. 1. which development economist who focused on entrepreneurship, innovation and analysis of competition had a profound impact on contemporary industrial economics.
  2. 3. ___ provided a very clear description of manufacturing industries and the historical pattern of growth they followed
  3. 4. MC= MR is the maximisation of __________________.
  4. 5. The impact of ____ 's work on industrial economics was regarded as the single most important antecedent of contemporary industrial economics because of its contribution to concepts of duopoly, oligopoly etc
  5. 7. conduct performance what nexus was provided by Bain as a framework for industrial analysis?
  6. 9. price Adam Smith regarded that a product has a market price and a ______________.
  7. 10. __ developed new theories on consumer demand based on Chamberlin's theory
  8. 11. There were two schools of thought in industrial economics on the basis of methodological divisions. One school, led by ____, followed an abstract and deductive reasoning to test a hypothesis. The other was the historical school with an inductive approach
  9. 12. ___ was a follower of Smith and expanded on his work to establish conditions for equating price and average cost.
  10. 14. Adam Smith's contribution to the field of industrial economics is the analysis of product ____