Monopolies are so useful that markets will create them wherever they do not already exist.
One example is Microsoft, a monopolistic company that makes an operating system that everyone uses, replacing lots of unpopular incompatible ones.
Given that monopolies are so useful, and people want them so much, they should not be resisted. We would be better off if the effort being put into making markets competitive was instead put into increasing Microsoft's share price.
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Monopolies are so useful that markets will create them wherever they do not already exist.
One example is Microsoft, a monopolistic company that makes an operating system that everyone uses, replacing lots of unpopular incompatible ones.
Given that monopolies are so useful, and people want them so much, they should not be resisted. We would be better off if the effort being put into making markets competitive was instead put into increasing Microsoft's share price.