Re: Antitrust: Is there really a point?
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1) Firms can gain monopoly status without the aid of government
I am not one to claim that it is impossible for firms to attain a monopoly status which is detrimental to consumers. I will claim, however, that this is impossible without the aid of government. Take Microsoft for example; the prices of their software would be significantly lower if it were not for the state-imposed intellectual property laws. Simply put, these laws prevent other firms from entering the market -- not the efficiency of Microsoft’s production. It is ironic that the government went after Microsoft for their monopoly via antitrust, seeing how it is the entity which caused it.
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Assuming this is true, do you think that we should repeal IP laws so we can get rid of antitrust laws too?
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