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Market Share of Economics

“refining and focusing on what works and what doesn’t.” Sharing a commentary as taken from The one-handed economist. The market share of economics Some economists have called our discipline the…

Discussing a Quotation

…off by restricting free market transactions. The theorem does not say the market outcome is the best possible for everyone, just that interventions will help some people and hurt others….

More on the McCain Health Care Plan

…company profits. I would guess that the individual health insurance market is quite competitive and the profit rate, while probably higher than in group markets due to bargaining power, is…

What is competition?

…to lower prices and better product by many. Does this occur naturally, freely, when two companies share 75% of a market? Or if one company has 50% market share, with…