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industrial organization (LO)<br />Also known as industrial economics, this applied branch of microeconomics was partly founded to provide theoretical support for the analysis of ANTITRUST but now includes the examination of all the functions of management. A major aspect of the subject is the study of market structures and an examination of the implications of those structures for pricing, investment and company performance. In a sense, industrial organization was started by MARSHALL in his Economics of Industry and Principles of Economics (Book IV).<br /><em>See also:</em> structure-conduct-performance model; theory of the firm <br /><em>Reference</em><br />Mason, E.S. (1957) Economic Concentration and the Monopoly Problem, Cambridge, MA: Harvard University Press.<br /> Stigler, G.J. (1968) The Organization of Industry, Homewood, IL: Richard D. Irwin.
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