Oligopolies are Good for You
Channel: Sam Vaknin's Musings
Date: 2023-04-13

Market purists consider oligopolies - not to mention cartels - to be as villainous as monopolies. Oligopolies, they intone, restrict competition unfairly, retard innovation, charge rent and price their products higher than they could have in a perfect competition free market with multiple participants. Worse still, oligopolies are going global.

But research shows that oligopolies are good for you - and for the economy.