Re:How privatization increases inequality
by saosebastiao on Tuesday October 04, 2016 @10:08AM
(#12635601)
> You're setting an unreasonably high bar for what you're willing to define as a monopoly
No I'm not. A monopoly by definition requires no competition, and monopolistic profits are not possible with competition. They could possibly occur with cartels in markets with high barriers to entry, but cartels are unstable because the markets benefit cartel-breaking behavior more than they benefit cartel behavior.
I find it absolutely rational of you to not want to discuss any further. It's the natural end state of stubborn ignorance. I've already demonstrated that not all markets end in monopoly, but only those with high barriers to entry. If any reader wants more examples, they can google the term Commodity.
No I'm not. A monopoly by definition requires no competition, and monopolistic profits are not possible with competition. They could possibly occur with cartels in markets with high barriers to entry, but cartels are unstable because the markets benefit cartel-breaking behavior more than they benefit cartel behavior.
I find it absolutely rational of you to not want to discuss any further. It's the natural end state of stubborn ignorance. I've already demonstrated that not all markets end in monopoly, but only those with high barriers to entry. If any reader wants more examples, they can google the term Commodity.