Gas prices
#64
12-12-2010 | 11:37 PM
Senior Member
Joined: Feb 2002
Posts: 664
Likes: 1
From: Whitehorse, Yukon
We drove through there and checked it out during our drive to Alaska.
Back then gas in Ontario was about 58 cents and 87 cents in northern BC.
(I kept a journal for some reason and still remember this useless information.)
#65
12-12-2010 | 11:40 PM
Senior Member
Joined: Mar 2007
Posts: 711
Likes: 0
From: Memphis
How do you figure that monopolies are impossible in a true free market?
If I own all of the oil refineries in the US and buy up any competition without any government regulation (no more anti-trust rules), how is that not a monopoly and in a true free market, there is nothing to stop it from happening.
Prescription drug companies do it all the time. They pay off generic manufacturers not to distribute generic forms of drugs that they have lost exclusive control over. It is a win-win in their eyes. The generic manufacturers are getting paid to do nothing. The name brand drug makers are able to sell their profitable drug at name brand prices for a longer period of time. The only loser is the consumer that has to pay higher prices.
If I own all of the oil refineries in the US and buy up any competition without any government regulation (no more anti-trust rules), how is that not a monopoly and in a true free market, there is nothing to stop it from happening.
Prescription drug companies do it all the time. They pay off generic manufacturers not to distribute generic forms of drugs that they have lost exclusive control over. It is a win-win in their eyes. The generic manufacturers are getting paid to do nothing. The name brand drug makers are able to sell their profitable drug at name brand prices for a longer period of time. The only loser is the consumer that has to pay higher prices.
2. You sure you buy up all of your competition? Even world wide?
Pharm companies being compared to oil companies is a really bad analogy.
#67
12-13-2010 | 12:29 AM
Senior Member
Joined: May 2000
Posts: 873
Likes: 0
From: Somewhere in the EU
#68
12-13-2010 | 09:22 AM
Member
Joined: Mar 2008
Posts: 76
Likes: 0
From: watson lake, yukon, canada
Is Watson L. where they have that sign post forest thingy?
We drove through there and checked it out during our drive to Alaska.
Back then gas in Ontario was about 58 cents and 87 cents in northern BC.
(I kept a journal for some reason and still remember this useless information.)
We drove through there and checked it out during our drive to Alaska.
Back then gas in Ontario was about 58 cents and 87 cents in northern BC.
(I kept a journal for some reason and still remember this useless information.)
#69
12-13-2010 | 09:59 AM
Senior Member
Joined: Oct 2010
Posts: 125
Likes: 0
From: South Carolina
