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The near-universal stance has been that monopolies are a natural byproduct of the free market, and not a "problem".

In my experience, this is quite a mischaracterization. The position isn't that monopolies are 'natural' and 'not a problem'. On the contrary, monopolies are seen as being extremely harmful, but also as products of government intervention and barriers to entry, not the market.



Not all monopolies rely on government entry or barriers. Something like economies of scale can be a natural barrier to entry and prevent competition.




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