An interesting topic came up while discussing the "state sanction tort actions" post (beow).
When is it good for a monopoly to be allowed to function and for how long?
Throughout US history monopolies have been allowed to function in the early stages of an industry with the governemt ultimately breaking it up upon maturity.
The rapid advance of the computer industry might not have occrred (as quickly) had Microsoft not had (and still has)essentially a monopoly. However, at what time should that monopoly be broken up? Or will market forces take care of the problem without government intervention?
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