2 ms·
They sure do love those captive markets, don't they? Very little elasticity or opportunity for substitution, so maximum rent seeking. It would be hard to find a
by notacoward 3y ago
They sure do love those captive markets, don't they? Very little elasticity or opportunity for substitution, so maximum rent seeking. It would be hard to find a better argument for price controls and/or Pigovian taxes.