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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And when we have more clarity on that they’ll be back-and-forth to try to resolve those issues.
We need more clarity on that, and when we have more clarity on that they’ll be back-and-forth to try to resolve those issues.
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