SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Austrian Economics, a lens on everyday reality
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Don Lloyd who wrote (74)12/14/2001 6:30:16 PM
From: TimF   of 445
 
The Austrian definition of a monopoly, at least for Rothbard, is the original one, a government enforced privilege.

That is what I was talking about as well.

Since it can't have any direct competition, although it can have substitutes, only the maximum revenue price applies.

For the company yes, that want maximum revenue, but I think it would be better for the consumers and for the economy as a whole if the monopoly didn't exist. Not only would prices probably be lower, service is likely to be better (atleast for products or services where people care much about service) and the producers are likely to be more efficent (if you don't have to worry about competition you often get far and lazy even if doing is hardly maximizing your revenue).


Tim
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News