Saturday, March 30, 2024

The creation of monopolies and price setting

when did private enterprises came to be taken over by state owned enterprises.its distorting the rules of free market competition and such state intervention leads to monopoly like how search engines and social media platforms are dominated by a select few.so Europe has set up anti trust laws to ensure fair competition to prevent price fixing. What will happen when the global supply chain is controlled by a multinational state owned enterprises?

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