Action Quote by John Bates Clark
“The limit is not as narrow as it might be. I do not claim for this action, as it now goes on, an ideal degree of efficiency. What I do claim is that this type of competition already reveals its nature and its ultimate power to hold seeming monopolies in check.”
About This Quote
Source Essay: Economic Theory, John Bates Clark, 1910
The quote suggests competition limits power and prevents monopolies, ensuring efficiency and fairness.
In simple terms: Competition prevents monopolies and promotes efficiency.
Key Takeaway
Support competition to keep markets fair.
Themes
economics
competition
monopolies
efficiency
power
regulation
Mood
cautious
analytical
Type
economic
political
When to use this quote
- business strategy
- government regulation
- consumer protection
Key Concepts
Market dynamics
public policy
antitrust law
Questions to Reflect On
- How can competition be strengthened?
- What safeguards prevent monopoly power?
A Different Perspective
Monopolies can still dominate despite competition.
