why have monopolies?

But there obviously aren't enough policemen to personally guard every single person in the city

So you can hire a private contractor to only protect you

Eventually in a free unrestricted market, monopolies develop

or oligopolies

@MountainMan And I'm, explaining that by doing that, you are now forcing people to pay for an inefficient product

@Capitán Alatriste Monopolies are not natural

monopolies have always been state sancationed

Get your econ right

Legalize gun ownership, become your own protector, hire yourself 😎

look back in history

@GeorgyBoyo Thats an option

Well if the company grows large enough then it could buy its competitors and then it would be a monopoly @MountainMan

yepp @Deleted User

But that's a bad idea

@Deleted User Monopolies are inefficient and not natural

They are natural

@Deleted User Only if you're that much of a bitch that you'll accept the money

Monopolies are extremely inefficient yes, but they don't care

Every company wants to become a monopoly

@Deleted User No, they are not. Thats not how economics works

What do you mean a monopoly?

A single company in charge of the service it provides with no competitors right?

All the monopolies "presumably stopped" by the state aren't actually stopped in any way

Yes @Deleted User

Yeah, that is natural

Monopolies are almost impossible in a free market

That a company grows and grows

For a company having a monopoly means that they can set prices, set their own quality standards and sell what they want. They're big enough to destroy competition, so they reap all the rewards

it's natural that every company wants to become one

And it eventually happens

How do they destroy competition without the state

They can literally just buy their competition if they're ahead enough

Laissez Faire economics

That's not destroying it tho

basically the state is uninvolved

Lol this is not how things works

It's basically the same tho

THey do price dumping and engage in price wars they can afford because they're running economies of scale

If you buy a business you can do what you want with it

Kind of like Disney I guess