Re:I think US college education is nearer to collapsing than...
by brigandish on Wednesday March 23, 2022 @04:29AM
(#30776282)
> monopoly is the goal of the free market
Ignoring the fallacious teleological argument, I'm happy to rely on Wikipedia for this as this is basic knowledge:
> In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market without market coercions.
What are market coercions?
> Examples of such prohibited market coercions include: economic privilege, *monopolies*, and artificial scarcities.
Ignoring the fallacious teleological argument, I'm happy to rely on Wikipedia for this as this is basic knowledge:
> In economics, a free market is a system in which the prices for goods and services are self-regulated by buyers and sellers negotiating in an open market without market coercions.
What are market coercions?
> Examples of such prohibited market coercions include: economic privilege, *monopolies*, and artificial scarcities.