Deadweight loss

The monopoly described is an extreme that never exists in the real world?


Where did you get this thinking from?

Who told you this lie?

Monopolies like that only happen if the government helps them eliminate the competition through regulation and rent seeking. Even them, black markets spring up to provide alternative means of supply. Monopolies never happen in the real world.

Now you are just making things up again

Am I?

Salt commission - Wikipedia, the free encyclopedia
East India Company - Wikipedia, the free encyclopedia
Dutch East India Company - Wikipedia, the free encyclopedia

Look at that, the first three on your list are all government monopolies. Keep going down the list and you will that every single one of them existed because the government made them a monopoly.

As for the black market, did you ever read any history?

Pirates of the Caribean: The real history of The East India Company
 
It amazes me the people who come to a political site to merely call people names and never seem to actually discuss any policies.
 
Deadweight loss - Wikipedia, the free encyclopedia



The reality of markets.

please learn something instead of spouting the same failed talking points

For every dollar of tax the government takes it costs the private sector $1.25 for every dollar the government borrows it costs the private sector $3.25, loss of jobs, dismal economy are the result of high spending and high taxation by the government. Not to mention burdensome regulations by the government. When the government takes less than 20% of GDP we grow, now we are what? 70% of GDP and they wonder why we have no jobs.:cuckoo:
 

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