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The Law of Demand in Action (or Why Monopoly Power is Fleeting)

June 5, 2018 ~ karllembke

via The Law of Demand in Action (or Why Monopoly Power is Fleeting)

After reading this, swap out “rare earth metals” with “wages”.

You can’t raise the price of labor to arbitrarily high levels without people finding ways around it.

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Posted in Economics

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