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> The theory of market competition says that moves like this should be impossible because it would open Intel up to being undercut by a competitor nearly insta
by Ginden 5y ago
> The theory of market competition says that moves like this should be impossible because it would open Intel up to being undercut by a competitor nearly instantly. However, we can see that monopoly capitalism does not function the way the legitimizing theory does.
Can you quote single mainstream economist claiming that market entry barriers don't exist?