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Game theory is often cited to criticize free market economics and demonstrate the need for government regulation. I know that game theory is in no way a valid argument for government, but I'm having trouble articulating the reasons why. Can anyone help? Or does anyone know of some quick reasons why...
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I have a question regarding the service lines for utility companies... Currently, the government grants monopolies to utility companies primarily in an attempt to reduce the construction and maintenance costs of roads, sewers, etc. However, the government also regulates the prices of those granted monopolies...
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What if a corporation grows so large that it privately owns a monopoly on the natural resources of its industry so that there is no legal manner in which another or a new corporation can compete to equalize the market and fight the authority of the massive corporation for oppression and blackmailing...
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Anarcho-capitalists like to say that the free market would work itself out in terms of commodity prices, and that state regulation of corporation is not ever required. I have realized that the poor, or even a very large poorer percentage of all the people, could be excluded from such negotiations as...
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