3 ms·
The Sherman Act is brilliant. High prices - gouging. Low prices - stifling competition. Same prices - collusion. It simply doesn't allow for any sort of equ
by LanceH 6y ago
The Sherman Act is brilliant. High prices - gouging. Low prices - stifling competition. Same prices - collusion. It simply doesn't allow for any sort of equilibrium.
- JoeAltmaier 6y agoThats so reductionist as to be meaningless? Prices are a continuum, and have more values than 'high, low, same'.
- dhruvarora013 6y agoAren't you missing the biggest point of the Act? The free market equilibrium that you mention is what it seeks to correct. It's not about the prices but the monopolization it attempts to break. If there is only a single entity dictating the prices in the market, then it doesn't matter what the price spectrum is - the motive is anti-free market