RE: Elastic and Inelastic Demand
Source Brad Date 01/03/07/22:28
I just read Doug's response to my posting. I disagree.
The only reason that the electric industry is monopolistic is because of government intervention. They mandate that only one company can produce electricity for a given area.
If the electric industry was truely free from government 'red tape' then there would be other companies trying to cash in on the deal. That would bring competition and cheaper prices.
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