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I think the word is awkward sounding because it rests on the assumption that markets always lead to efficiency, and that the creation of a monopoly is therefore
by Bakary 9y ago
I think the word is awkward sounding because it rests on the assumption that markets always lead to efficiency, and that the creation of a monopoly is therefore a bug
- dfee 9y agoI think that rests on your assumption. I know Peter Thiel argues in his book Zero to One that monopolies are end-game efficient.