12-01-2004, 04:02 AM
Chaerophon,Nov 20 2004, 01:25 PM Wrote:Economic theory argues that monopolies cannot exist under laissez-faire because a competitor willing to lower profit margins in the interest of increased market share will always break them up. Economic practice demonstrates otherwise. Because of their dominant market share, refusal to allow workers to unionize and wholesale purchasing, they can lower prices to sub-cost levels for months at a time, driving competitors out of business.Yet unions are just another form of monopoly, and you are arguing for them?