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The near-universal stance has been that monopolies are a natural byproduct of the free market, and not a "problem". In my experience, this is quite a mischarac
by danenania 15y ago
The near-universal stance has been that monopolies are a natural byproduct of the free market, and not a "problem".
In my experience, this is quite a mischaracterization. The position isn't that monopolies are 'natural' and 'not a problem'. On the contrary, monopolies are seen as being extremely harmful, but also as products of government intervention and barriers to entry, not the market.
- ohashi 15y agoNot all monopolies rely on government entry or barriers. Something like economies of scale can be a natural barrier to entry and prevent competition.