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It's not just that. The more rent a party obtains, the less fluid that market is. There's an opportunity cost for everything. If I pay 10% more for your product
by cestith 9y ago
It's not just that. The more rent a party obtains, the less fluid that market is. There's an opportunity cost for everything. If I pay 10% more for your product because you're a monopoly, I could have spent that 10% on other goods and services.