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> not "natural monopolies" (which have never existed). Tell that to Standard Oil or The American Tobacco Company.
by Aloisius 13y ago
> not "natural monopolies" (which have never existed).
Tell that to Standard Oil or The American Tobacco Company.
- thatswrong0 13y agoDo 10 minutes of research on Standard Oil. Not a great example.
- Aloisius 13y agoI suggest spending more than 10 minutes of research on it. Standard Oil is quite literally the textbook example of a natural monopoly.