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
316 pages • first pub 1921 (editions)
ISBN/UID: 9781622730049
Format: Hardcover
Language: English
Publisher: Vernon Press
Publication date: 05 November 2015
Description
In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market: profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, ...
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
316 pages • first pub 1921 (editions)
ISBN/UID: 9781622730049
Format: Hardcover
Language: English
Publisher: Vernon Press
Publication date: 05 November 2015
Description
In Risk, Uncertainty and Profit, Frank Knight explored the riddle of profitability in a competitive market: profit should not be possible under competitive conditions, as the entry of new entrepreneurs would drive prices down and nullify margins, ...