3 ms·
This demonstrates that the government will intervene in industries that have too much pricing power, right? Since the people demand help from their political re
by acchow 3y ago
This demonstrates that the government will intervene in industries that have too much pricing power, right? Since the people demand help from their political representatives?
- WalterBright 3y agoOr that government interference: 1. is costly 2. encumbers competition which increases pricing power In any case, if the government is intervening to reduce pricing power, it clearly is failing spectacularly at that. Weirdly, the government accused Microsoft of having a monopoly because it gave Explorer away for free. How is that pricing power?