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Registered
Join Date: Aug 2000
Location: Palm Beach, Florida, USA
Posts: 7,713
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Standard Oil’s business model was similar. It used monopoly power to push prices DOWN in order to eliminate competitors. Using monopoly power to push prices up is short sighted since monopoly pricing encourages technological innovation that will eventually overcome the monopoly. See IBM versusMicrosft, Microsoft versus Google, Facebook and Amazon.
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MRM 1994 Carrera
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