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72. Look for generally Baker Bresnahan, supra mention 36, at the 5 (listing one to complications with accounting earnings otherwise mark-ups methods “loom[s] thus large one to antitrust today does not count heavily with the profitability steps for making inferences from the business fuel”); Richard Schmalensee, Various other See Field Stamina, 95 Harv. L. Rev. 1789, 1805 (1982) (discussing “big problems with playing with profitability to gauge industry stamina”).

P. Lerner, The idea of Monopoly as well as the Measurement regarding Monopoly Strength, step one Rev

74. See generally George J. Benston, Accounting Numbers and you may Financial Philosophy, 27 Antitrust Bull. 161, 162­66 (1982); Franklin M. Fisher John J. McGowan, Toward Misuse off Bookkeeping Costs regarding Return to Infer Dominance Payouts, 73 Are. Econ. Rev. 82, 82­84 (1983) (listing that important accounting treatments of financing and you may decline is actually inappropriate for choosing an effective company’s economic speed away from return). Read the rest of this entry »