Only that we don't have to worry very much about the ones that are. ![]() This doesn't mean that all monopolies are contestable, certainly not. ![]() If it is, then any attempt to actually exploit that monopoly power will lead to the monopoly being contested and thus disappearing. The really crucial point is whether that monopoly is contestable or not. When they're important and when they're not. ![]() Recently I've been writing about monopolies.
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