Economics 101: Where Do Monopolies Come From?

Bryan Caplan says there are only two ways for a monopoly to form: government protection, or being the best.

“If the firm has a monopoly because the government made competition illegal, the solution isn’t antitrust; it’s legalizing competition. If the firm has a monopoly because it’s the best, the solution isn’t antitrust; it’s a little freakin’ appreciation.”

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