Mark Cooper Quotes
With competition, prices tend to be uniform; with monopoly, prices are uniformly high.
Mark Cooper, Consumer Federation of America (CFA, Congressional Testimony, Task Force for the Proposed Merger of XM and Sirius Satellite, February 2007
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While this statement seems totally absurd to us today, at the time most politicians and judges believed it. Only the left wingers and the populists opposed the doctrine as well as most business owners who knew the truth but of course most preferred the have their own monopoly. One of the reasons the large American corporations did not want Jewish and Chinese immigrants is that those cultures supported highly competitive businesses and might give consumers a better deal or worse, their culture would argue for less monopoly and more competition. For more than half a century AT&T was given a monopoly over almost all telephone service in the United States. Finally the Federal Courts saw through the company propaganda, and ordered AT&T broken up. The “Baby Bells” have persuaded most state legislatures and regulatory bodies of this same argument, and almost every community of the United States has a monopoly on local wired local telephone service. The same is true about water and electricity and a great deal of American transportation. Every major company strives for as much of a monopolistic position the government will allow; some are overt like the electrical companies. Others are more subtle and use copyright and patents to be sure that there is no price or service competition. Fortunately, the high tech industry is to technologically competitive that prices have been have been going down constantly not like telephone and Internet connectivity, entertainment, education, and professional services.
She was then the European Commissioner for Competition
Most businesses attempt to gain monopolistic positions and avoid price and other competition as much as possible. See {633636} .
She was then the European Commissioner for Competition.
Brandeis was U. S. Supreme Court Justice Louis D. Brandeis, 1856-1941, who wrote that competition would control prices if only healthy competition could be maintained—the problem was resolved by both increasing competition and much more stringent regulation of corporations.
Railroads and other large markets shared dominated by a few large corporations.
One irony that some critics of Murdoch’s enterprises make is that despite his personal views about monopoly his businesses try to attain and maintain monopoly status whenever it can.
