Title: Price Theory by Allen
Product review: This is an excellent work on the theory of price analysis andits implementation. There is good coverage of the purelycompetitive markets, as well as imperfect markets. The relevantequilibrium prices are demonstrated graphically throughoutthe text under a variety of assumptions. Marginal utilitycurves and consumer demand are covered with a fair amount ofdetail. Monopolistic and other forms of price competitionare demonstrated. Average, total , marginal revenue andmarginal cost concepts are developed utilizing classic graphicaldepictions. Diminishing marginal utility is demonstratedutilizing bar graphs above the x-axis for the existence ofutility and below the x-axis for disutility. The book is anexcellent supplement to the standard coursework in macro andmicro-economics collegiate courses.
Would you say this review depicts the product in a flattering or unflattering light?
