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From: kfl%mx.lcs.mit.edu@MC.LCS.MIT.EDU
Newsgroups: mod.politics
Subject: Monopolies
Message-ID: <12229552212.51.MCGREW@RED.RUTGERS.EDU>
Date: Sat, 9-Aug-86 20:56:43 EDT
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Posted: Sat Aug  9 20:56:43 1986
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    From: Mills@MIT-MULTICS.ARPA

    Monopolies can and would form under PURE capitalism.  ... Once a
    large, wealthy person or business controls most of a market, it is
    relatively easy to keep your current market share and get most of
    the rest.

  Only if their services and prices are at least as good as the
competition.  Otherwise competitors would flourish.  Or would come
into existance if there weren't any.

    It can ... be bad if they simply buy out the competition, sell
    products at a loss until there competition goes under, ...

  This would be pointless unless they kept the prices down after the
competition goes under (in which case consumers would benefit).
Otherwise, competitors would spring up again and they would have to
repeat this expensive cycle over and over until they went broke or
got wise and started selling for a fair price.
                                                              ...Keith

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