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Government regulation of competitive firms creates monopolies
Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.
Original Article: Government regulation of competitive firms creates monopolies
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By Mises Institute
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Economic mythology said governments must regulate markets to prevent monopolies. In reality, it is the government regulation itself that creates monopolies, which do not emerge in free markets.
Original Article: Government regulation of competitive firms creates monopolies
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