As most economies remain caught in a global recession that shows little sign of abatement, the importance of maintaining a flourishing industrial sector for the economic well-being of a country becomes even more crucial. Industrial Organisation, now in its fourth edition, provides a clear and definitive introduction to this subject. The book addresses economic problems and policy issues that arise from the activities of firms. The authors reject the traditional micro-economic analysis of market structure in favor of a study of conduct and performance in the context of macro-economic policy and the environment which this provides for firms. Substantially revised and updated to incorporate developments in the subject since the publication of the last edition,Industrial Organisationincludes four new chapters which reflect the major new areas of interest in industrial economics over the last decade. These include the increasing importance of theservice sector and problems of relatively low productivity growth within this, and questions relating to increased levels of international competition in a more open world economy. It provides a comparative study of the United States, the United Kingdom, and the European Community. Mathematics and econometric knowledge are kept to a minimum, making this the most accessible and stimulating introduction available on this subject.