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Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 36, No 1 (1994), Pagination: 42-60
Abstract
The word competition is too useful in Economics to be monopolized by a single meaning. As a consequence, it has acquired a variety of related but distinct meanings. To the Neoclassical economist y competition (or prefect competition to be more precise) is the polar opposits of monopoly.