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by carefree-bob
76 days ago
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None of those are monopolies, unless you consider someone selling a sandwich on a particular plane as a monopoly and the people on the plane are your market, in which case it is exactly this situation, and why that sandwich doesn't cost $100. So instead of trying to think of complications, you need to first understand the argument, and then you can see it everywhere once you understand it. |
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You, I think, are tying it into a larger discussion about monopolies, but I’m not sure that makes sense because if you’re a monopoly, you don’t have competitors to beat on price, so you again would not charge the least amount possible. That makes no sense.