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 Originally Posted by wufwugy
I do agree that the free market is an extremely good thing, but we have also been told to believe that the "special market" that overly supports things like oligopolies is a free market
Oligopolies are fine so long as they aren't cartels. Certain industries must be oligopolies. For example, in order to be cost competitive, an automobile assembly line must make hundreds of thousands of units. Anything with large economies of scale benefiting the cost will be an industry with only a few major players.
Even monopolies are usually OK in free markets because only the threat of competition (or subsitution) is often enough to keep prices down and quality up. I'd guess that 99% of the true monopolies in history where state-based.
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