How the Ricardian rents are different from monopoly rents?
How the Ricardian rents are different from monopoly rents? However, incumbents’ monopoly rents should attract entry, ceteris paribus. The difference between the measures represents Ricardian rents, according to the efficiency hypothesis, and monopoly rents, according to the market power hypothesis. The results, generally, favor the market power hypothesis. What is scientific rent theory of Ricardo? […]