I am not an advocate for government price controls, but it does seem to me that there are circumstances in which very clever people have either observed or created a monopoly for themselves and then used that monopoly power to extort prices that the market would not support if it were actually operating correctly.
Whitehouse discusses the issue of monopolies in pharmaceuticals and their impact on pricing.
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I am actually happy to yield to Senator Schiff from the California delegation. OK. He is happy with me going, so I will go. The PRESIDING OFFICER. The Senator from Rhode Island.
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