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> Monopolies don't inherently harm the consumer. The harm comes from abusing your monopoly once you have it. Hence, the concentration in law more on the harm th
by anoncake 7y ago
> Monopolies don't inherently harm the consumer. The harm comes from abusing your monopoly once you have it. Hence, the concentration in law more on the harm than on the existence per se of a monopoly.
This is only true if you consider maximizing your profit by producing as cheaply as possible while selling them for the price the market will bear — in short, maximizing profit — an abuse of a monopoly. Banning a for-profit company from trying to make a profit doesn't sound like a coherent policy.
> Antitrust law is really more about
Is is pretty much irrelevant in a discussion about ought.