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To: TimF who wrote (69)12/14/2001 5:29:29 PM
From: Don Lloyd  Read Replies (1) | Respond to of 445
 
Tim -

...but if there truly is little competition the monopoly producer can hurt the consumer with extraordinarily high prices...

The only way to call a price too high is if no one is willing to pay it. If the producer persists in setting this price, then he is not a producer, at least of goods for sale.

Regards, Don