View source for Liberty! What Fallacies Are Committed in Thy Name!/monopoly rents

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[[Category:Cosma Shalizi]]
[[Category:Monopoly, Oligopoly, Market Power and AntiTrust]]
{{Quote
| text = In the real world, "monopoly rents" and "abnormal rates of return" are known as "acceptable profits", and serious investors have a word for someone who proposes to start a company in a field without barriers to entry. That word is "idiot", usually followed by remarks on the order of "Why are you wasting my time with crap?"
| cite = [[Cosma Shalizi]], "{{Link |Liberty! What Fallacies Are Committed in Thy Name!}}"
}}