Chapter 10 - Assignment 1: Identifying Over-Priced Journals
Read Richard Meyer's article on "Identifying Over-Priced Journals" that appeared in the July 15, 1996 issue of the Newsletter on Serials Pricing Issues.
- Is the author correct when he states that price will equal marginal cost in a perfectly competitive market?
- How convincing is the author's case that the market for professional journals is "sufficiently competitive"? Is it likely that the journal supplier is a "price-taker"?
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