Wed, 29 July 2015
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.
Direct download: woods_07_29_2015_2.mp3
Category:Talk Radio -- posted at: 2:18pm EDT