Re: Monopolies wouldn\'t exist in the free market?
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i believe monopolies could exist in a free market and that it was a trivial question.
i now believe monopolies could exist in a free market and that it is a trivial question upon which tons of people don't agree.
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I think that what is trivially clear is that there would be SOME price movement in a free market that SOME people would label "monopolistic price gouging". The debate has really been about whether or not we should be calling these companies "monopolies" (which is a term loaded with negative connotations) or "winners of the business competition".
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