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Archive for November 21st, 2015

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U.S. Postal Service: Money Losing Monopoly

Saturday November 21st, 2015   •   Posted by Craig Eyermann at 5:20pm PST   •   0 Comments

Everyone knows that monopolies in business are bad. Writing at CBS News, economist Mark Thoma explained why they’re so bad for consumers: When firms have such power, they charge prices that are higher than can be justified based upon the costs of production, prices that are higher than they would be if the market…
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