Monopolies at one time were strictly local, then regional, then national, then international. That the Big 3 faced competition from abroad is not surprising; nor does it represent evidence that competitive capitalism tends toward monopolization. -- Michael Perelman Economics Department California State University Chico, CA 95929
Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list pen-l@lists.csuchico.edu https://lists.csuchico.edu/mailman/listinfo/pen-l
