I baited a right winger into arguing that monopolies would not exist in a free market...
And bam I slap his ass with this...Mises also argues that although most monopolies and monopoly prices are made possible by
government intervention in the free market (tariffs, licenses, etc.), there are certain instances in
which monopoly (and monopoly prices) arise in the unhampered market. He specifically
mentions natural resource monopoly,12 geographic monopoly,13 limited-space monopoly,14 and
monopoly that might arise because consumers place a special confidence…on the individual or
firm concerned on account of previous experience,"15 as with certain trademarked drugs.
From - http://mises.org/etexts/armentanomonopoly.pdf
For those who do not know who Ludwig Von Mises is.... he is the posterboy of Austrian Economics.. which is lulzy weird free market advocacy based on logic more than empirical data.
p.s. I am such a nerd.