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jiaaro.com
jiaaro.com
Cognitive dissonance if I ever saw it. How can one mind hold both those arguments at the same time without redefining "competition"?
This is a very interesting point.
Competition only benefits consumers when there is sufficient choice to subvert collusion. Given the examples of US politics, US car manufacturers and the like, I would surmise that this likely requires more than 3 relatively equal competitive actors to be meaningful.