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Ep. 456 Monopoly Is Everywhere, Say Mainstream Economists; Austrians Roll Eyes
Mainstream economists see "monopoly power" everywhere -- even when a breakfast cereal company differentiates its product via advertising. It's crazy. In today's episode we discuss the mainstream view of monopoly, as well as so-called perfect competition and monopolistic competition. You'll be begging for some Mises and Rothbard by the time we're done.