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I don't think it's necessary to make a distinction between a de jure monopoly, say, and a de facto monopoly, or a cartel. The point is a market that allows lot
by mturmon 14y ago
I don't think it's necessary to make a distinction between a de jure monopoly, say, and a de facto monopoly, or a cartel.
The point is a market that allows lots of profit for an extended time period. This doesn't have to produce a Bell Labs, but it sure seems helpful.