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That's not how economics works, the very sign of a monopoly is that companies have market power and can set prices, that's why companies want to have one. Under
by Barrin92 2y ago
That's not how economics works, the very sign of a monopoly is that companies have market power and can set prices, that's why companies want to have one. Under monopoly conditions profits say precisely nothing about the quality of a product.
- hot_gril 2y agoYeah, the profit doesn't mean anything on its own.
- bpodgursky 2y agoIt's not illegal to have a monopoly. It's illegal to manipulate the market to maintain a monopoly. Product dumping to kill competitors for example. Milking your customers to the max is the opposite of what you'd do to illegally maintain a monopoly.