Message from @Leo (BillNyeLand)
Discord ID: 531234895754690580
zoning laws
the huge amount of regulations in the healthcare market
net neutrality is useless
Incredible.
Yes
it's the regulation that harms businesses and creates monopolies
Oh yeah to add, regulation creates monopolies
The state intervention in the economy creates artificial high barriers to entry
Regulations do the exact opposite
Which creates the monopolies
Tell that to the healthcare market, ISPs
since the only reason the monopolies exists are due to regulations
for example ISP has zoning laws
Damn, I want to sit down and talk but I gotta do human things
I'll get back in a sec
But a 100% free market causes monopolies
That's what I thought
Competition is best when there are few monopolies or oligopolies. Regulatory barriers to entry into some fields are too high in my opinion, which should be fixed, but conversely regulations / tax collections on the big businesses in those fields is often lacking , which only exacerbates the problem
Look at happened in the late 1800s to the early 1900s
There was a complete monopoly
There were several monopolistic organizations in major industries
@Anon365 never
A free market never causes a monopolies that’s a myth
A natural monopoly DOES NOT EXIST
@Leo (BillNyeLand) all due to state intervention
The gilded age was never “free”
Remember the tarrifs
Companies will just lower their prices
Then the competition will be crushed
that’s also a myth
That's what happened
Have you heard of dow
It literally happened
He used to sell chemicals
it talks about predatory pricing
Wait
You're for a completely free market, right?
Not completely
Besides in a free market, they wouldn’t exist :
-The recouping of losses, which is essential for a predatory pricing strategy, may not occur because rival firms could just exit the market when prices are lowered and re-enter when prices are increased.
-Even if rival firms are forced out of the market when prices are increased by the predatory firm, this could induce new competitors into the market.
-The predatory firm must have a supply large enough to meet all demand at the lowered price. If its capacity is not great enough, prices will rise again.
-If the predatory firm were to repeatedly lower prices when rivals re-entered the market, the rival firms could short the dominant firms stock in an attempt to make up for losses resulting from the lower price.