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Market Power

When one buyer or seller in a market has the ability to exert significant influence over the quantity of goods and services traded or the price at which they are sold.

Mark Hendrickson - The Truth About Monopoly and Antitrust

Ivan Pongracic - Monopoly and Antitrust

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Austrian Exploitation Theory

Marx had no monopoly.

SEPTEMBER 14, 2012 by SHELDON RICHMAN

The Austrian economist who refuted Marx's exploitation theory had one of his own.

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Competition and Monopoly: A Refresher

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A Monopoly - and How to Break It

JUNE 01, 1970 by PAUL L. POIROT

If the government is incapable of delivering mail, perhaps that business should be given to competitive private enterprise.

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MULTIMEDIA - AUDIO

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CURRENT ISSUE

July/August 2014

The United States' corporate tax burden is the highest in the world, but innovators will always find a way to duck away from Uncle Sam's reach. Doug Bandow explains how those with the means are renouncing their citizenship in increasing numbers, while J. Dayne Girard describes the innovative use of freeports to shield wealth from the myriad taxes and duties imposed on it as it moves around the world. Of course the politicians brand all of these people unpatriotic, hoping you won't think too hard about the difference between the usual crony-capitalist suspects and the global creative elite that have done so much to improve our lives. In a special tech section, Joseph Diedrich, Thomas Bogle, and Matthew McCaffrey look at various ways these innovators add value to our lives--even in ways they probably never expected.
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