testing: competition & diversity

["Devine, James" <jdevine@xxxxxxx>]

Title: testing: competition & diversity

contrary to what it says below, Michael did not write the two paragraphs. I did. It's good to see that pen-l is receiving my missives even I am not receiving yours... JD

Michael Perelman wrote:

it's interesting (to me, at least), that the "ideal" market of neoclassical economics -- the perfectly competitive market -- does not allow diversity; diversity undermines perfection. On the other hand, the more realistic story of atomistic markets that neoclassical economics typically plays down -- the monopolistically competitive market -- is the one that assumes diversity, at least in terms of the product being sold.

Actually, all I'm doing is testing to see if my e-mail system will send. It ain't receiving. And I see pen-l as an all-important antidote to jury duty. I'm on a "ten day trial." I have two words about that: personal injury.

JD