What prevents monopolies from forming in a free market?
The free market is what prevents monopolies from forming… It is the opposite of a free market that causes monopolies to form in the first place. We’re not talking about there being only one company that makes or markets a specific product, we’re talking about coercive monopolies, where by law, no one but that company is allowed to make or market that product. There’s only one way to end up with a coercive monopoly, and that’s by legislation from your government. A patent on your new invention, a license to use a specific logo, a franchise business that only a specific group of people get to use, these are coercive monopolies, because they require input and interference from the government to make them that way. Intellectual Property Law is another great example – though I believe if you write/invent something you should get royalties from its public use…. but not forever – especially in the musical world. Some composer writes a bass line, and sells the license to use that track to
