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by Vt71fcAqt7
1086 days ago
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I think you are thinking of competition. Free makrets and competition are not the same, although they are related. In highly competitive markets, there is no profit; this has happened many times in history. Usually the result is that many sellers leave that market. In modern industrial policy, policy makers will seek to prevent "excecive competition" because it inhibits growth. This idea is related to what GP was saying. |
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