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

Gilded age

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

https://m.youtube.com/watch?v=-q1fSNzYNhg

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.

A mostly free one, right?

Ye

Do you support trumps tariffs?

Because that sort of discourages trade

Not really no

Oh

I don’t think tarrifs are good

Oh yeah

But I support him bringing free trade from other countries

I did research on Rockefeller once

as in other countries lowered tarrifs

Standard oil is also a myth

He did all sorts of questionable things to secure his monopoly

That’s a HUGE myth

Yep

The companies also kept on lobbying to keep monopolies legal

He’s get his monopoly to boycott any railroad that served his competitors, since losing his business would destroy the railroad