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anti-trust
natural monopoly
Standard Oil
U.S. Steel
Is natural monopoly really impossible?
Many people on this site say that natural monopolies do not occur and can only exist due to government. How would you explain Standard Oil, U.S. Steel, and JP Morgan and Co? Didn't they have a monopoly status that was split by the state?
Posted to
Economics Questions
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by
tcostel
on Tue, Jun 14 2011
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