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Society does not need laws outlawing monopolization and monopoly

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"Society does not need laws outlawing monopolization and monopoly. Inevitably, monopoly causes its own self-destruction, since its high profit is the lure for other firms or entrepreneurs to develop substitute products."

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"Society does not need laws outlawing monopolization and monopoly. Inevitably, monopoly causes its own self-destruction, since its high profit is the lure for other firms or entrepreneurs to develop substitute products."

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This statement is quite true if the monopoly is not careful about its competitors. The longer the monopoly stays in power, and the longer it creates artificial barriers to entry in ...

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