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Peer reviewedTruett, Dale B.; Truett, Lila J. – Journal of Economic Education, 1993
Examines the case of bilateral monopoly in the context of joint profit-maximizing solutions. Asserts that, although bilateral monopoly is sometimes viewed as a theoretical model with few real-world applications, the elements of negotiations it contains form the basis for contracts between input sellers and input buyers. (CFR)
Descriptors: Economic Change, Economic Factors, Economics, Financial Policy
