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Competition can arise but then it's bought out by the monopoly.
by timbit42 4y ago
Competition can arise but then it's bought out by the monopoly.
- robertlagrant 4y agoIf it chooses to be. This is a voluntary arrangement. If the monopoly becomes destructive (e.g. it raises prices) then there will arise a competitor that sees they can make more money than the buyer can afford to pay by charging less and gaining a large chunk of the market.