Difference between revisions of "Standard Oil, Monopoly and Predatory Pricing"
From Critiques Of Libertarianism
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[[Category:Market Power]] | [[Category:Market Power]] | ||
[[Category:Monopoly, Oligopoly, Market Power and AntiTrust]] | [[Category:Monopoly, Oligopoly, Market Power and AntiTrust]] | ||
| − | {{DES | des = For decades libertarians have relied on the egregious revisionist history of Standard Oil by John McGee to declare predatory pricing rare and impractical. This claim has been thoroughly refuted by legal and economic research, both empirical and theoretical. Now it is up to the courts to catch up with academia. | show=}} | + | {{DES | des = For decades libertarians have relied on the egregious revisionist history of Standard Oil by John McGee of the [[Chicago Economics|Chicago School]] to declare predatory pricing rare and impractical. This claim has been thoroughly refuted by legal and economic research, both empirical and theoretical. Now it is up to the courts to catch up with academia. | show=}} |
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