Abstract
This chapter describes the scheme of reproduction under a system of monopoly price. In the state of free competition, all industry is subject to the law of average profit. The total surplus value produced by the laborers of the whole industry will be distributed among the capitalists in proportion to their capital outlay at the average rate of profit. Under the conditions of monopolistic competition, the law of monopoly profit will predominate. A larger amount of the surplus value will be squeezed by monopoly capitalists, so that merely the remainder of it will be distributed among nonmonopoly capitalists in proportion to their capital outlay at the decreased average rate of profit. When the capitalist society has developed to a certain stage in which free competition prevails, capitals will move from less advantageous department to more advantageous one, so that the various rates of profit are equalized into the general or average rate of profit.
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