Re: Monopolies wouldn\'t exist in the free market?
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"If a firm were truly able to provide a product better than anyone else could, why couldn't it sustain itself as a monopoly?"
It could. Harmful monopolies cannot exist in a truly free market, but it's certainly possible for some brilliant entrepeneur to corner the market; just once they start charging crazy prices some other dude can come in and compete with them.
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Well, to get nitty, they can exist, it's just really unlikely for them to persist for any significant period of time. It's always possible that everyone will be too lazy to take advantage of the HUGE market opportunities that such market participants create.
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