You dont understand economics at all if you dont understand how all free markets naturally devolve into monopolies.
I'm a "follower" of the Austrian School of Economics, although the idea that monopolies are government-grant privileges was first originated by the economists of the classical school (and they were right).
Predatory pricing cannot be sustained over the long haul, and not even this should be regretted since it benefits the consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function.
The definition of a monopoly by the idea of "monopoly price" has no effective meaning in free-market setting, which are not snapshots in time but processes of change.
I’m a “follower” of the Austrian School of Economics
Okay, so you admit you have no idea how economics work. That's really cool you're part of an economics fanfic club though.
Okay, so you admit you have no idea how economics work.
You're not even trying to counter-argue my argument.
I'm a "follower" of the Austrian School of Economics, although the idea that monopolies are government-grant privileges was first originated by the economists of the classical school (and they were right).
Predatory pricing cannot be sustained over the long haul, and not even this should be regretted since it benefits the consumers. Attempted cartel-type behavior typically collapses, and where it does not, it serves a market function.
The definition of a monopoly by the idea of "monopoly price" has no effective meaning in free-market setting, which are not snapshots in time but processes of change.
Okay, so you admit you have no idea how economics work. That's really cool you're part of an economics fanfic club though.
You're not even trying to counter-argue my argument.