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Just being a monopoly need not make an enterprise more profitable than other ... enter, their competition will drive prices down and eliminate monopoly power.
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It would not be surprising if a substantial minority of economists still read and learn from ... Such increases, he argued in Prices and Production, would drive down ... Available online at: http://www.econlib.org/library/Essays/JlibSt/hykCnt1.html.
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The economic problem of society is thus not merely a problem of how to allocate “given” ... Of course, if detailed economic plans could be laid down for fairly long ...
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