> I'd argue that in a pure free market without intervention, monopolies would be disappointingly common
How? If a monopoly were to emerge in what was a pure free market, it would become the government, and its rules would become regulation on the market. And thus the pure free market could no longer exist. Monopolies and free markets cannot coexist.
How? If a monopoly were to emerge in what was a pure free market, it would become the government, and its rules would become regulation on the market. And thus the pure free market could no longer exist. Monopolies and free markets cannot coexist.