Industries that are exempt from Antitrust Laws
Such as labor unions, electrical companies, natural gas companies, agricultural and fishery marketing associations, banking and insurance industries, and export trade associations.
What if these were no longer legal monopolies, would the country be better off?
quote:I'm pretty sure both of those industries are NOT exempt from anti-trust laws.
, banking and insurance industries
That is exactly what I am saying.
A monopoly is simply not possible in a free market.
Yeah i'm pretty sure we had to enact anti trust laws for the simple fact that monopolies are not only possible in the free market but in fact occur with some frequency.
How much influence did these "titans" of industry have in the early 20th century on these antitrust laws to get themselves exempt?
I'm sure that's what you've been taught but that doesn't mean it's true.
quote:Why don't you define it?
If we're going to have this debate, then please define monopoly for me.
If we're going to have this debate, then please define monopoly for me. I'd prefer we debate based on a proper definition of monopoly.