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To: em2vn
If you think a monopoly is bad, you'll find the Wal-Mart monopsony is worse. A monopsony leads to price deflation just as a monopoly leads to price inflation.
9 posted on 11/14/2003 10:01:32 AM PST by tysont
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To: tysont
Who says all monopolies are bad?

Monopolies are only bad when they are coercive monopolies; that is, gov't granted monopolies, like the phone service, water service, or whatnot.

If a company, through superior ideas and execution--through lowering the cost of production, has gained a single-supplier status, it's nothing to worry about. It's capitalism hard at work. Everyone wins.
18 posted on 11/14/2003 10:28:31 AM PST by Viva Le Dissention
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To: tysont
The "monopolies" of Standard Oil and Microsoft did not lead to rising prices...
68 posted on 11/14/2003 2:45:03 PM PST by Axenolith
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