Structure–conduct–performance paradigm

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The structure–conduct–performance (SCP) paradigm, first published by economists Edward Chamberlin and Joan Robinson in 1933 and subsequently developed by Joe S. Bain, is a model in industrial organization economics that offers a causal theoretical explanation for firm performance through economic conduct on incomplete markets.

Excerpt from the Wikipedia article “Structure–conduct–performance paradigm”, under the CC BY-SA 4.0 license. Read the article on Wikipedia

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